Self Storage Performance Quarterly Q1 2016

Market Conditions Midwest Region

Sample Size Total Facilities

Sample Size 1,271

% Sample

East North Central West North Central

7,097 3,672

17.9% 10.1% 15.3%

372

Midwest Region

10,769

1,643

% Chg

Rental Rates

% Change

Rental Rate Per Sq. Ft.

1Q15

1Q16

0.0% 2.0% 4.0% 6.0% 8.0%

East North Central

Median

$0.7900

$0.8500

7.6%

Average

$0.8237

$0.8665

5.2%

West North Central

Median Average

$0.8300 $0.8693

$0.8500 $0.8920

2.4% 2.6%

Midwest Region

East North Central

West North Central

Midwest Region

Median Average

$0.8000 $0.8392

$0.8500 $0.8752

6.3% 4.3%

Median Average

Average Physical Unit Occupancy

Physical Occupancy

Absolute Change

1Q15

1Q16

87.0%

East North Central

86.0%

Median

83.0%

81.0%

-2.0%

85.0%

Average

83.5%

83.0%

-0.5%

84.0%

West North Central

81.2% 83.1%

83.9% 83.8%

2.7%

Median

83.0%

Average

0.7%

Midwest Region

82.0%

1Q14

1Q15

1Q16

Median Average

82.2% 83.3%

81.0% 83.3%

-1.2% -0.1%

Midw est Region

ENC

WNC

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. .

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