Self Storage Performance Quarterly Q1 2019

Self Storage Performance Quarterly

Market Conditions

East Region

Sample Size

Total Facilities

Sample Size

% Sample

Mideast Division

5,055

808

16.0%

Northeast Division

4,990

1,295

26.0%

East Region

10,045

2,103

20.9%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

1Q18

1Q19

Mideast Division Median

8.00%

$0.9900 $1.0400

5.1%

6.00%

Average

$1.0564 $1.1216

6.2%

4.00%

Northeast Division Median

$1.2000 $1.2700

5.8%

2.00%

Average

$1.3441 $1.3817

2.8%

0.00%

East Region Median

East Region Northeast

Mideast

$1.1000 $1.1800

7.3%

Median Average

$1.1993 $1.2508

4.3%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q18

1Q19

Mideast Division Median

83.00% 84.00% 85.00% 86.00% 87.00% 88.00% 89.00% 90.00%

87.0%

89.0%

2.0%

Average

86.7%

89.1%

2.4%

Northeast Division Median

87.0%

89.0%

2.0%

Average

87.3%

89.3%

2.0%

East Region Median

1Q17

1Q18

1Q19

87.0%

89.0%

2.0%

East Region

Northeast

Mideast

86.9%

89.2%

2.3%

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® 2019.

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