Self Storage Performance Quarterly Q2 2017

Self Storage Performance Quarterly

Market Conditions

South Region

Sample Size

Total Facilities

Sample Size

% Sample

Southeast

6,847

1,435

21.0%

Southwest

8,092

1,572

19.4%

South Region

14,939

3,007

20.1%

Rental Rate Per Sq. Ft.

% Change

2Q16

2Q17

Rental Rates

Southeast Median

8.00%

$0.9000 $0.9500

5.6%

6.00%

Average

$0.9697 $1.0071

3.9%

Southwest Median

4.00%

$0.8500 $0.8900

4.7%

2.00%

Average

$0.9059 $0.9217

1.7%

0.00%

South Region Median

Southeast

Southwest South Region

$0.8700 $0.9100

4.6%

Median Average

$0.9351 $0.9609

2.8%

Average

Physical Occupancy Southeast Median

Absolute Change

Average Physical Unit Occupancy

2Q16

2Q17

82.0%

86.0%

4.0%

89.00%

Average

84.5%

87.1%

2.6%

87.50%

Southwest Median

86.00%

86.0%

90.0%

4.0%

84.50%

Average

85.4%

88.4%

3.0%

83.00%

South Region Median

2Q15

2Q16

2Q17

85.0%

89.2%

4.2%

South Region

Southeast

Southwest

85.0%

87.8%

2.8%

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

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