Self Storage Performance Quarterly Q1 2016

Market Conditions West Region

Sample Size Total Facilities Sample Size % Sample

Mountain

4,415 6,240

686

15.5% 30.6% 24.4%

Pacific

1,911 2,597

West Region

10,655

Rental Rates

0.0% 2.0% 4.0% 6.0% 8.0% % Chg

% Change

Rental Rate Per Sq. Ft.

1Q15

1Q16

Mountain

Median

$0.9200

$0.9500

3.3%

Average

$0.9888

$1.0144

2.6%

Pacific

Median

$1.2200

$1.3000

6.6%

West Region Mountain Pacific

Average

$1.2921

$1.3844

7.2%

West Region

Median Average

Median

$1.1500 $1.1664

$1.2000 $1.2311

4.3% 5.5%

Average

Average Physical Unit Occupancy

Physical Occupancy

Absolute Change

1Q15

1Q16

81.0% 82.0% 83.0% 84.0% 85.0% 86.0% 87.0%

Mountain

Median

86.0%

85.0%

-1.0%

85.7%

84.7%

-1.0%

Average

Pacific

Median

81.0% 83.5%

80.0% 83.4%

-1.0% -0.1%

Average

West Region

1Q14

1Q15

1Q16

Median Average

84.0% 84.4%

80.0% 83.9%

-4.0% -0.5%

West Region

Mountain

Pacific

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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