Self Storage Performance Quarterly 1Q17

Self Storage Performance Quarterly

Storage Demand by Region December 2016, January, February 2017 vs. December 2015, January, February 2016 East Midwest South West Total Rental Activity -2.4% -11.2% -7.4% -6.4% Move-Ins -3.1% -12.4% -8.9% -3.9% Move-Outs -1.6% -10.0% -5.9% 8.9% Source: Cushman & Wakefield, Inc.

Physical Occupancy by Region February 2017 vs. February 2016 (Same Store Sample) Nationwide East

Midwest

South -0.6%

West -0.3%

Absolute Change

-0.4%

-0.4%

1.1%

Source: Cushman & Wakefield, Inc.

Demand as Measured by Changes in Potential Gross Income by Region February 2017 vs. February 2016 (Same Store Sample) Nationwide East Midwest South

West

Potential Gross Income -2.5%

-2.0% -0.7%

-2.4% -5.6%

Source: Cushman & Wakefield, Inc.

Source: Cushman & Wakefield, Inc. The Self Storage Performance Quarterly , a publication of Cushman & Wakefield, Inc., 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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