Self Storage Performance Quarterly Q1 2018
Self Storage Performance Quarterly
Table of Contents Preface .............................................................................................................................................1 Section I – Executive Summary........................................................................................................2 Performance At-a-Glance............................................................................................................2 Section II – Supply and Demand ......................................................................................................3 Supply..........................................................................................................................................3 Construction Pipeline ..................................................................................................................3 New Construction Starts..............................................................................................................6 Location of New Construction .....................................................................................................8 Demand .......................................................................................................................................9 Section III – Market Performance Data 1 st Quarter 2018 ...............................................................12 Self Storage Performance Index ...............................................................................................12 Self Storage Performance Benchmarks ....................................................................................13 Concession Trends....................................................................................................................13 Trends in Ten Most Popular Concessions ................................................................................14 Elasticity in Demand ..................................................................................................................16 Operating Performance – By Region ........................................................................................18 Operating Performance – By MSA ............................................................................................34 Median Asking Rental Rates per Square Foot ..........................................................................35 Median Physical Occupancy .....................................................................................................36 Median Rent per Available Square Foot ...................................................................................37 Implied Economic Occupancy by Metropolitan Area.................................................................38 Section IV – Real Estate Investment Trusts (REITs) Performance Data 4 th Quarter 2017............39 Section V – Transactional Database 1 st Quarter 2018 ...................................................................41 Methodology & Glossary of Terms ............................................................................................57 Self Storage Chart of Accounts .................................................................................................60 Company Profile ........................................................................................................................61
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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