Self Storage Performance Quarterly Q1 2016

Section II - Supply and Demand Supply

Supply Data Source: SSDS acquires data from F. W. Dodge to benchmark the trend in new supply, recognizing that this data source does not report everything that is being built. Data from F. W. Dodge is published monthly in arrears. As a result, quarter-end data arrives after the scheduled publishing of the SSPQ report; thus, the supply data reflects the last month statistics of the previous quarter and the first two month statistics of the current quarter. Construction Pipeline – The table below illustrates self-storage projects in the various phases of the construction pipeline by region of the country. The line item in the table below for New Construction Starts includes: alterations, renovations, interior completions and additions.

Project Pipeline By Region

Totals Q1-16

Q1-16 vs Q4-15

Q1-16 vs Q1-15

Description

East

Midwest

South West

Bidding (All Stages) Construction-In-Process

3 8 5

0 3 0

4

6 6

13 35 24 49

30% 18% 30% 218% -23% 0% 14% 44% 14% 67% 0% 250% -10% 50% 0% 0% -2% 41% 0% 0% 11% 0%

18

Projects Deferred

3 7 1 3 0

16 16 50

Pre-Planning

15 64

11 36

Planning

74

224

Final Planning

0 2 0

2 4 0

4 0 5

7 9 5

Certificates of Occupancy

Permit Issued

New Construction Starts

12

11

17

12

52

Other Totals

0

0

0

0

0

109

67

127

115

418

% Of Region

26% 16% 30% 28% 100%

Note: New construction starts listed here included alterations, additions, and renovations.

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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