Self Storage Performance Quarterly Q1 2019

Self Storage Performance Quarterly

The graph below reflects the net difference in the ratio since February 2017. The trend line suggests that the ratio of move-ins is returning to parity with move-outs. In layman’s terms, when the trend line is sloping upward, demand is increasing and conversely, a downward sloping line would indicate weakening demand. Storage Demand – The following tables illustrate the trends in demand based upon 300,000± self- storage units found in 488± facilities SSDS tracks every month.

Ratio of Move-Ins to Move-Outs Net Difference in Ratio

0.0%

-0.5%

-1.0%

-1.5%

-2.0%

-2.5%

1-Year Moving Average

Storage Demand – Nationwide

1Q19 vs. 1Q18

February 2019 vs. January 2019

February 2019 vs. February 2018

Total Rental Activity

-7.3%

-5.3%

-3.2%

Move-Ins

-3.2%

-6.1%

-5.5%

Move-Outs

-11.1%

-4.5%

-0.9%

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® 2019.

Cushman & Wakefield | Valuation & Advisory

9