Self Storage Performance Quarterly Q2 2017

Self Storage Performance Quarterly

Median Asking Rental Rates per Square Foot

Quarterly

Seasonal

Annual

Rental Rates 2Q17

Top 50 MSAs

% Change

Absolute Change

% Change

Absolute Change

% Change

Absolute Change

Atlanta-Sandy Springs-Marietta, GA MSA

$ 0.8500 -1.16% -$0.01 3.66% $0.03 0.90% $0.01

Austin-Round Rock, TXMSA

$ 0.9500 0.00% $0.00 -4.04% -$0.04 -1.02% -$0.01

Baltimore-Towson, MD MSA

$ 1.2500 -3.85% -$0.05 -3.85% -$0.05 -0.94% -$0.01

Birmingham-Hoover, AL MSA

$ 0.8500 6.25% $0.05 13.33% $0.10 3.17% $0.03

Boston-Cambridge-Quincy, MA-NH MSA

$ 1.2700 -0.78% -$0.01 2.42% $0.03 0.60% $0.01

Buffalo-Cheektowaga-Tonawanda, NY MSA

$ 1.0000 8.70% $0.08 5.26% $0.05 1.30% $0.01

Charlotte-Gastonia-Concord, NC-SC MSA

$ 0.8200 1.23% $0.01 3.80% $0.03 0.94% $0.01

Chicago-Naperville-Joliet, IL-IN-WI MSA

$ 0.9000 -4.26% -$0.04 -5.26% -$0.05 -1.36% -$0.01

Cincinnati-Middletown, OH-KY-IN MSA

$ 0.8800 4.76% $0.04 3.53% $0.03 0.88% $0.01

Cleveland-Elyria-Mentor, OH MSA

$ 0.8800 -4.35% -$0.04 3.53% $0.03 0.86% $0.01

Columbus, OH MSA

$ 0.7700 -3.75% -$0.03 1.85% $0.01 0.45% $0.00

Dallas-Fort Worth-Arlington, TXMSA

$ 0.9000 2.27% $0.02 12.50% $0.10 2.96% $0.03

Denver-Aurora, CO MSA

$ 1.3500 11.07% $0.13 3.85% $0.05 0.98% $0.01

Detroit-Warren-Livonia, MI MSA

$ 0.9200 2.22% $0.02 8.24% $0.07 1.97% $0.02

Hartford-West Hartford-East Hartford, CT MSA

$ 1.0500 0.00% $0.00 3.24% $0.03 0.78% $0.01

Houston-Baytown-Sugar Land, TXMSA

$ 0.8500 -5.56% -$0.05 -7.61% -$0.07 -1.95% -$0.02

Indianapolis, IN MSA

$ 0.8000 6.67% $0.05 6.67% $0.05 1.67% $0.01

Jacksonville, FL MSA

$ 0.9700 5.43% $0.05 15.48% $0.13 3.67% $0.03

Kansas City, MO-KS MSA

$ 0.9500 0.00% $0.00 0.01% $0.00 0.00% $0.00

Las Vegas-Paradise, NV MSA

$ 0.8995 4.59% $0.04 0.00% $0.00 0.00% $0.00

Los Angeles-Long Beach-Santa Ana, CA MSA

$ 1.7600 4.14% $0.07 17.33% $0.26 4.20% $0.06

Louisville, KY-IN MSA

$ 0.9000 4.65% $0.04 5.88% $0.05 1.42% $0.01

Memphis, TN-MS-AR MSA

$ 0.7800 -1.27% -$0.01 1.30% $0.01 0.32% $0.00

Miami-Fort Lauderdale-Miami Beach, FL MSA

$ 1.3599 0.73% $0.01 -3.55% -$0.05 -0.93% -$0.01

Milwaukee-Waukesha-West Allis, WI MSA

$ 0.9200 -3.16% -$0.03 2.22% $0.02 0.55% $0.00

Minneapolis-St. Paul-Bloomington, MN-WI MSA

$ 0.9500 7.95% $0.07 11.76% $0.10 2.92% $0.03

Nashville-Davidson-Murfreesboro, TN MSA

$ 0.9500 1.06% $0.01 4.40% $0.04 1.09% $0.01

New Orleans-Metairie-Kenner, LA MSA

$ 0.9100 1.11% $0.01 0.01% $0.01 0.00% $0.00

New York-Newark-Edison, NY-NJ-PA MSA

$ 1.6700 12.84% $0.19 15.17% $0.22 3.74% $0.05

Oklahoma City, OK MSA

$ 0.6500 -5.80% -$0.04 -13.33% -$0.10 -3.39% -$0.02

Orlando, FL MSA

$ 0.9500 5.56% $0.05 11.76% $0.10 2.80% $0.03

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

$ 1.1500 0.88% $0.01 4.55% $0.05 1.12% $0.01

Phoenix-Mesa-Scottsdale, AZ MSA

$ 0.9700 7.78% $0.07 7.78% $0.07 1.94% $0.02

Pittsburgh, PA MSA

$ 0.8600 -2.27% -$0.02 2.38% $0.02 0.58% $0.01

Portland-Vancouver-Beaverton, OR-WA MSA

$ 1.4500 7.41% $0.10 20.83% $0.25 4.89% $0.06

Providence-New Bedford-Fall River, RI-MA MSA

$ 1.2100 0.83% $0.01 0.00% $0.00 0.00% $0.00

Richmond, VA MSA

$ 0.9900 0.00% $0.00 4.21% $0.04 1.03% $0.01

Riverside-San Bernardino-Ontario, CA MSA

$ 1.1000 4.76% $0.05 10.00% $0.10 2.45% $0.03

Rochester, NY MSA

$ 0.8200 -3.53% -$0.03 2.50% $0.02 0.60% $0.00

Sacramento-Arden-Arcade-Roseville, CA MSA

$ 1.2500 13.64% $0.15 13.64% $0.15 3.42% $0.04

Salt Lake City, UT MSA

$ 0.9900 4.21% $0.04 10.00% $0.09 2.45% $0.02

San Antonio, TXMSA

$ 0.9800 5.38% $0.05 22.50% $0.18 5.33% $0.04

San Diego-Carlsbad-San Marcos, CA MSA

$ 1.6000 3.90% $0.06 7.38% $0.11 1.82% $0.03

San Francisco-Oakland-Fremont, CA MSA

$ 1.8900 1.07% $0.02 2.16% $0.04 0.55% $0.01

San Jose-Sunnyvale-Santa Clara, CA MSA

$ 1.8100 7.10% $0.12 -1.63% -$0.03 -0.43% -$0.01

Seattle-Tacoma-Bellevue, WA MSA

$ 1.4500 14.17% $0.18 26.09% $0.30 6.36% $0.08

St. Louis, MO-IL MSA

$ 0.8000 1.27% $0.01 6.67% $0.05 1.63% $0.01

Tampa-St. Petersburg-Clearwater, FL MSA

$ 1.0500 0.00% $0.00 8.25% $0.08 1.97% $0.02

Virginia Beach-Norfolk-Newport News, VA-NC MSA

$ 0.9900 8.79% $0.08 4.21% $0.04 1.06% $0.01

Washington-Arlington-Alexandria, DC-VA-MD-WV MSA

$ 1.4100 1.44% $0.02 -2.76% -$0.04 -0.69% -$0.01

Median Asking Rental Rates per Square Foot are based upon the asking rent for a 100-square-foot, ground level, non-climate-controlled unit.

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

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