Self Storage Performance Quarterly Q1 2019

Self Storage Performance Quarterly

Market Conditions

Midwest Region

Sample Size

Total Facilities

Sample Size

% Sample

East North Central West North Central

7,050

1,328

18.8%

3,711

428

11.5%

Midwest Region

10,761

1,756

16.3%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

1Q18

1Q19

Midwest Region

East North Central

West North Central

East North Central Median

6.00%

$0.8500 $0.8800

3.5%

5.00%

Average

$0.8939 $0.9063

1.4%

4.00%

West North Central Median

3.00%

$0.9000 $0.9400

4.4%

2.00%

Average

$0.9373 $0.9857

5.2%

1.00%

Midwest Region Median

0.00%

$0.8700 $0.8900

2.3%

Median Average

$0.9088 $0.9337

2.7%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q18

1Q19

East North Central Median

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

90.0%

90.0%

0.0%

Average

88.5%

89.8%

1.3%

West North Central Median

90.3%

91.0%

0.7%

Average

90.1%

90.4%

0.3%

Midwest Region Median

1Q17

1Q18

1Q19

90.0%

90.0%

0.0%

Midwest Region

ENC WNC

89.0%

90.0%

1.0%

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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