Self Storage Performance Quarterly Q1 2018

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,451

672 15.1%

Pacific 6,243 1,795 28.8% West Region 10,694 2,467 23.1%

Rental Rate Per Sq. Ft.

% Change

1Q17 1Q18

Rental Rates

Mountain Median Average Pacific Median Average

0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00%

$0.9900 $1.0000 $1.0366 $1.0519

1.0% 1.5%

$1.4500 $1.4700 $1.5084 $1.5496

1.4% 2.7%

West Region Median

Mountain

Pacific West Region

$1.3000 $1.3200 $1.3121 $1.3424

1.5% 2.3%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q17 1Q18

Mountain Median Average Pacific Median Average

78.00% 81.00% 84.00% 87.00% 90.00% 93.00%

88.4% 90.0% 1.6% 87.6% 88.9% 1.3%

92.2% 94.0% 1.8% 90.6% 92.1% 1.5%

West Region Median

1Q16

1Q17

1Q18

91.4% 92.2% 0.8% 89.3% 90.8% 1.5%

Mountain

Pacific

West Region

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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