Self Storage Metropolitan Statistical Area Reports for 3rd Quarter 2017
S lf St e - orage e ropo an a s ca rea epor Sacramento--Arden-Arcade--Roseville, CA MSA Sample Size SSDS Sample Size 159 Sample as Percent of Total Facilities 50% Market Conditions Rentable SF Per Person Conclusion MSA 7.56 Over-Supplied National 6.50 Supply Ratios MSA Top 50 MSA M t lit St ti ti l A R t
3 d Q t 2017 r uar er
Diff -2.0
Performance at a Glance Households per existing self storage unit
5.6
7.6
Quarterly
Seasonal
Annual Change
3Q17 vs 2Q17
3Q17 vs 3Q16
Down -2.4% Down -4.4% Down -3.0%
Up
Up
Asking Rental Rate Physical Occupancy Rate Rent per Available SF (Rental Income)
13.0%
3.1%
Up
Up
13.0%
13.0%
Up
Up
33.3%
7.5%
Self-Storage Performance Index (SSPI)®
Asking Rental Rates Non-Climate Controlled - Ground Levels Min
190
Median $58.00 $80.00 $125.00 $191.00 $245.00
Max
Average $56.27 $79.06 $123.92 $188.32 $237.43
140
25 SF 50 SF 100 SF 200 SF 300 SF
$49.99 $70.00 $110.00 $175.00 $219.99
$65.00 $89.00 $140.00 $210.00 $259.00
90
Base = 4 Quarter 2003
SDS Index
40
S
Rent per Available SF 100 SF
3Q16
3Q17
Change
MSA Index
National Index
Median Average
$0.8235 $0.8583
$1.0976 $1.0806
33.3% 25.9%
Rent Per Available Square Foot (based on 100 square foot units)
Occupancy
3Q16 81.0% 76.3%
3Q17 94.0% 90.0%
Change 16.0%
Physical Unit Occupancy Economic Occupancy
$1 20 $0.40 $0.60 $0.80 $1.00 .
18.0%
Concessions (Percentage Offering)
3Q16 53.3% 74.2%
3Q17 42.8% 43.4%
Change -19.8% -41.5%
MSA
Nationwide
MSA - Income & Expenses Guide Medians MSA
National
$/SF 8 78 . 0.63 0.30 0.28 0.38 1.10 0.52 0.17 0.17 0.08 3.63
$/SF 11 35 .
MSA
National
Effective Gross Income
Physical Occupancy
1.12 0.12 0.35 0.46 1.04 0.67 0.27 0.21 0.07 4.31
Taxes
Insurance
% 74.0% 78.0% 82.0% 86.0% 90.0% 94.0% 98.0% 70.0
Repairs & Maintenance
Administration
On-Site Maintenance Off-Site Maintenance
Utilities
Advertising Miscellaneous Total Expenses
41.3%
38.0%
Expense Ratio
MSA
National
The data and findings contained in this report are the result of operating data collected each quarter from more than 17,000 self- storage facilities located in the United States. Source: Cushman & Wakefield, Inc. This publication is intended solely for use by paid subscribers. Reproduction or distribution in whole or part without written permission is prohibited and subject to legal action. Copyright® 2017.
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