Self Storage Performance Quarterly Q1 2019

Self Storage Performance Quarterly

Market Conditions

West Region

Sample Size

Total Facilities

Sample Size

% Sample

Mountain

4,459

685

15.4%

Pacific

6,266

1,702

27.2%

West Region

10,725

2,387

22.3%

Rental Rate Per Sq. Ft.

% Change

1Q18

1Q19

Rental Rates

Mountain Median

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00%

$1.0000 $1.0500

5.0%

Average

$1.0519 $1.1077

5.3%

Pacific Median

$1.4700 $1.4900

1.4%

Average

$1.5496 $1.5711

1.4%

West Region Median

Mountain Pacific West Region

$1.3200 $1.3500

2.3%

Median Average

$1.3427 $1.3784

2.7%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

1Q18

1Q19

Mountain Median

82.00% 84.00% 86.00% 88.00% 90.00% 92.00% 94.00%

90.0%

90.0% 0.0%

89.9%

90.5% 1.6%

Average

Pacific Median

94.0%

92.0% -2.0%

Average

92.1%

91.7%

-0.6%

West Region Median

1Q17

1Q18

1Q19

92.2%

91.0%

-1.2%

Mountain

Pacific

West Region

90.8%

91.2%

0.4%

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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