Self Storage Performance Quarterly Q2 2017

Self Storage Performance Quarterly

Market Conditions

Midwest Region

Sample Size

Total Facilities

Sample Size

% Sample

East North Central West North Central

7,129

1,139

16.0%

3,703

336

9.1%

Midwest Region

10,832

1,475

13.6%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

2Q16

2Q17

East North Central Median

8.00%

$0.8500 $0.8800

3.5%

6.00%

Average

$0.8887 $0.9041

1.7%

4.00%

West North Central Median

2.00%

$0.9000 $0.9500

5.6%

0.00%

Average

$0.9454 $0.9822

3.9%

Midwest Region

East North Central

West North Central

Midwest Region Median

$0.8500 $0.8900

4.7%

Median Average

$0.9081 $0.9308

2.5%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

2Q16

2Q17

East North Central Median

90.00%

81.0%

83.0%

2.0%

Average

82.6%

85.3%

2.7%

88.00%

West North Central Median

86.00%

80.0%

91.0%

11.0%

84.00%

Average

83.3%

89.4%

6.1%

82.00%

Midwest Region Median

2Q15

2Q16

2Q17

81.0%

86.0%

5.0%

Midwest Region

ENC WNC

82.8%

86.7%

3.9%

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® 2017

Cushman & Wakefield | Valuation & Advisory

25