Self Storage Performance Quarterly Q1 2018

Self Storage Performance Quarterly

Market Conditions Midwest Region Sample Size Total Facilities

Sample Size

% Sample

East North Central West North Central

7,156 1,349 18.9%

3,659

418 11.4%

Midwest Region

10,815 1,767 16.3%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

1Q17 1Q18

Midwest Region

East North Central

West North Central

East North Central Median

2.00%

$0.8800 $0.8500 $0.9236 $0.8939

-3.4% -3.2%

Average

0.00%

West North Central Median

-2.00%

$0.9400 $0.9000 $0.9638 $0.9373

-4.3% -2.8%

Average

-4.00%

Midwest Region Median

-6.00%

$0.8900 $0.8700 $0.9373 $0.9086

-2.2% -3.1%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q17 1Q18

East North Central Median

78.00% 80.00% 82.00% 84.00% 86.00% 88.00% 90.00% 92.00%

82.0% 90.0% 8.0% 83.5% 88.5% 5.0%

Average

West North Central Median

84.0% 90.3% 6.3% 84.4% 90.1% 5.7%

Average

Midwest Region Median

1Q16

1Q17

1Q18

82.0% 90.0% 8.0% 83.8% 89.0% 5.2%

Midwest Region

ENC WNC

Average

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.

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