Self Storage Performance Quarterly 1Q17

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,427

698 15.8%

Pacific 6,269 1,910 30.5% West Region 10,696 2,608 24.4%

Rental Rate Per Sq. Ft.

% Change

1Q16 1Q17

Rental Rates

Mountain Median Average Pacific Median Average

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%

$0.9500 $0.9900 $1.0144 $1.0366

4.2% 2.2%

$1.3000 $1.4500 11.5%

$1.3844 $1.5084

9.0%

West Region Median

Mountain Pacific West Region

$1.2000 $1.3000 $1.2313 $1.3132

8.3% 6.7%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q16 1Q17

Mountain Median Average Pacific Median Average

82.00% 84.00% 86.00% 88.00% 90.00% 92.00%

85.0% 88.4% 3.4% 84.7% 87.6% 3.0%

80.0% 92.0% 12.2% 83.4% 90.6% 7.2%

West Region Median

1Q15

1Q16

1Q17

80.0% 91.4% 11.4% 83.9% 89.4% 5.4%

Mountain

Pacific

West Region

Average

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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