Self Storage Performance Quarterly Q2 2017

Self Storage Performance Quarterly

Market Conditions

West Region

Sample Size

Total Facilities

Sample Size

% Sample

Mountain

4,441

639

14.4%

Pacific

6,285

1,690

26.9%

West Region

10,726

2,329

21.7%

Rental Rate Per Sq. Ft.

% Change

2Q16

2Q17

Rental Rates

Mountain Median

16.00%

$0.9700 $1.0098

4.1%

12.00%

Average

$1.0435 $1.0920

4.6%

Pacific Median

8.00%

$1.3500 $1.5400

14.1%

4.00%

Average

$1.4173 $1.5802

11.5%

0.00%

West Region Median

Mountain Pacific West Region

$1.2300 $1.3900

13.0%

Median Average

$1.2625 $1.3781

9.2%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

2Q16

2Q17

Mountain Median

92.00%

82.0%

90.0%

8.0%

Average

84.3%

88.6%

4.3%

89.00%

Pacific Median

86.00%

80.0%

94.0%

14.0%

83.00%

Average

83.8%

91.5%

7.7%

80.00%

West Region Median

2Q15

2Q16

2Q17

80.0%

93.0%

13.0%

Mountain

Pacific

West Region

84.0%

90.3%

6.3%

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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