Self Storage Performance Quarterly 1Q17

Self Storage Performance Quarterly

South Region’s Divisional Performance Q1 17 vs. Q1 16 Southeast Division Southwest

Southeast vs. Nationwide

Southwest vs. Nationwide

Division Nationwide

Asking Rental Rates

9.2% 11.3% 5.3% 3.9%

6.0%

Physical Occupancy

4.6%

6.4% 5.5% -0.9%

0.9%

Rent per Available SF

16.4% 22.5% 14.5% 1.9%

8.0%

Percent of Facilities Offering Concessions

78.6% 65.5% 70.1% 8.5% -4.6%

Effective Cost of Concessions Factor

7.9%

7.2%

7.6% 0.3% -0.4%

Source: Cushman & Wakefield, Inc.

West Region’s Divisional Performance Q1 17 vs. Q1 16 Pacific Division Mountain Division

Pacific vs. Nationwide

Mountain vs. Nationwide

Nationwide

Asking Rental Rates

11.5%

4.2% 5.3% 6.2% -1.1%

Physical Occupancy

12.2%

3.4% 5.5% 6.7% -2.1%

Rent per Available SF

31.3%

9.7% 14.5% 16.8% -4.8%

Percent of Facilities Offering Concessions

76.1% 72.6% 70.1% 6.0%

2.5%

Effective Cost of Concessions Factor

8.2%

8.1%

7.6% 0.6%

0.5%

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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