Self Storage Performance Quarterly Q1 2018

Self Storage Performance Quarterly

South Region’s Divisional Performance Q1 18 vs. Q1 17 Southeast Division Southwest

Southeast vs. Nationwide

Southwest vs. Nationwide

Division Nationwide

0.0% -2.2% 0.0% 0.0% -2.2%

Asking Rental Rates

3.3%

2.6% 3.5% -0.2% -0.9%

Physical Occupancy

4.4% -1.7% 4.0% 0.4% -5.7%

Rent per Available SF

Percent of Facilities Offering Concessions

44.5% 33.7% 35.2% 9.3% -1.5%

Effective Cost of Concessions Factor

7.8%

9.4% 7.9% -0.1% 1.5%

Source: Cushman & Wakefield, Inc.

West Region’s Divisional Performance Q1 18 vs. Q1 17 Pacific Division Mountain

Pacific vs. Nationwide

Mountain vs. Nationwide

Division Nationwide

1.4%

1.0% 0.0% 1.4%

1.0%

Asking Rental Rates

1.8%

1.6% 3.5% -1.7% -1.9%

Physical Occupancy

5.2%

2.5% 4.0% 1.2% -1.5%

Rent per Available SF

Percent of Facilities Offering Concessions

34.3% 42.0% 35.2% -0.9% 6.8%

Effective Cost of Concessions Factor

6.8%

8.5% 7.9% -1.1% 0.6%

Source: Cushman & Wakefield, Inc.

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® 2018.

Cushman & Wakefield | Valuation & Advisory

20