Self Storage Performance Quarterly Q1 2016

Market Conditions South Region

Sample Size Total Facilities Sample Size % Sample

Southeast Southwest

6,760 7,985

1,456 1,786 3,242

21.5% 22.4% 22.0%

South Region

14,745

% Chg

% Change

Rental Rate Per Sq. Ft.

Rental Rates

1Q15

1Q16

0.0% 2.0% 4.0% 6.0% 8.0%

Southeast

Median

$0.8400

$0.8700

3.6%

Average

$0.8869

$0.9369

5.6%

Southwest

Median Average

$0.7900 $0.8274

$0.8000 $0.8676

1.3% 4.9%

South Region

Southeast Southwest

South Region

Median Average

Median Average

$0.8000 $0.8547

$0.8500 $0.8994

6.3% 5.2%

Average Physical Unit Occupancy

Physical Occupancy

Absolute Change

1Q15

1Q16

82.0% 83.0% 84.0% 85.0% 86.0% 87.0% 88.0%

Southeast

Median

85.0%

82.1%

-2.9%

84.6%

84.4%

-0.2%

Average

Southwest

Median

82.0% 83.8%

81.0% 84.0%

-1.0%

Average

0.2%

South Region

84.0% 84.1%

82.0%

-2.0%

Median

1Q14

1Q15

1Q16

84.2%

0.0%

Average

South Region

Southeast

Southw est

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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