Self Storage Performance Quarterly Q1 2019

Self Storage Performance Quarterly

Market Conditions

South Region

Sample Size

Total Facilities

Sample Size

% Sample

Southeast

6,912

1,551

22.4%

Southwest

8,155

1,946

23.9%

South Region

15,067

3,497

23.2%

Rental Rate Per Sq. Ft.

% Change

1Q18

1Q19

Rental Rates

Southeast Median

2.00%

$0.9500 $0.9500

0.0%

1.00%

Average

$1.0023 $1.0152

1.3%

0.00%

Southwest Median

-1.00%

$0.8700 $0.8500

-2.3%

-2.00%

Average

$0.9056 $0.8955

-1.1%

-3.00%

South Region Median

Southeast

Southwest South Region

$0.9000 $0.9000

0.0%

Median Average

$0.9499 $0.9504

0.1%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q18

1Q19

Southeast Median

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

90.0%

90.0%

0.0%

Average

90.0%

89.6%

-0.3%

Southwest Median

90.0%

89.7%

-0.3%

Average

88.6%

88.9%

0.3%

South Region Median

1Q17

1Q18

1Q19

90.0%

90.0%

0.0%

South Region

Southeast

Southwest

89.2%

89.2%

0.0%

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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