Self Storage Performance Quarterly Q1 2016

Number of New Starts Construction Starts by Metropolitan Area

Top 50 MSAs

1Q15 2Q15 3Q15 4Q15 1Q16

Atlanta-Sandy Springs-Marietta, GAMSA

1 1

3 2 1

1 2 1

2 1

2

Austin-Round Rock, TX MSA Baltimore-Towson, MD MSA

Birmingham-Hoover, AL MSA Boston-Cambridge-Quincy, MA-NH MSA Buffalo-Cheektowaga-Tonawanda, NY MSA Charlotte-Gastonia-Concord, NC-SC MSA Chicago-Naperville-Joliet, IL-IN-WI MSA Cincinnati-Middletown, OH-KY-IN MSA Cleveland-Elyria-Mentor, OH MSA

1

2

2

1 1 1

3

1

2 1 1 1 3 2 1 4 1

3 1 2 2 2

Columbus, OH MSA

2

1

Dallas-Fort Worth-Arlington, TX MSA

1

Denver-Aurora, CO MSA

2

1

Detroit-Warren-Livonia, MI MSA Hartford-West Hartford-East Hartford, CT MSA Houston-Baytown-Sugar Land, TX MSA

8

3 1

3 1 1

3 1 1

Indianapolis, IN MSA Jacksonville, FL MSA

Kansas City, MO-KS MSA Las Vegas-Paradise, NV MSA Los Angeles-Long Beach-Santa Ana, CAMSA

4 2 1

2 1 1 2 1 1

2 1 1

Louisville, KY-IN MSA Memphis, TN-MS-AR MSA

Miami-Fort Lauderdale-Miami Beach, FL MSA Milwaukee-Waukesha-West Allis, WI MSA Minneapolis-St. Paul-Bloomington, MN-WI MSA Nashville-Davidson-Murfreesboro, TN MSA New Orleans-Metairie-Kenner, LAMSA New York-Newark-Edison, NY-NJ-PAMSA Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA Phoenix-Mesa-Scottsdale, AZ MSA Pittsburgh, PAMSA Portland-Vancouver-Beaverton, OR-WAMSA Providence-New Bedford-Fall River, RI-MAMSA Richmond, VAMSA Riverside-San Bernardino-Ontario, CAMSA Rochester, NY MSA Sacramento-Arden-Arcade-Roseville, CAMSA San Diego-Carlsbad-San Marcos, CAMSA San Francisco-Oakland-Fremont, CAMSA San Jose-Sunnyvale-Santa Clara, CAMSA Seattle-Tacoma-Bellevue, WAMSA St. Louis, MO-IL MSA Tampa-St. Petersburg-Clearwater, FL MSA Virginia Beach-Norfolk-Newport News, VA-NC MSA Washington-Arlington-Alexandria, DC-VA-MD-WV MSA Oklahoma City, OK MSA Orlando, FL MSA Salt Lake City, UT MSA San Antonio, TX MSA

2

2

1

1

5 1

6 2 1

3

2

3

2

2

2

1

1

1

1

1

1

1

2

1

3 1

1

1

1

1

2

1

1

1 1

1

2

Top 50 MSAs Total Other MSAs Total Non-MSAs Total

27

33 13

37 14

35 14

33 18

9 1

1

4

4

1

Total

37

47

55

53

52

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® 2016 2020 Main Street, Suite 1000, Irvine, California 92614 Phone: 626-304-2920 Fax: 626-304-2921 www.ssdata.net

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