Self Storage Performance Quarterly Q2 2017
Self Storage Performance Quarterly
Median Rent per Available Square Foot
Quarterly
Seasonal
Annual
Rent Per Available Sq.Ft. 2Q17
Top 50 MSAs
% Change
Absolute Change
% Change
Absolute Change
% Change
Absolute Change
Atlanta-Sandy Springs-Marietta, GA MSA
$0.6680
5.68% $0.04 6.73% $0.04 1.65% $0.01
Austin-Round Rock, TXMSA
$0.7928
11.95% $0.08 7.41% $0.05 1.82% $0.01
Baltimore-Towson, MD MSA
$0.9728
4.30% $0.04 3.28% $0.03 0.81% $0.01
Birmingham-Hoover, AL MSA
$0.6309
7.77% $0.05 13.74% $0.08 3.22% $0.02
Boston-Cambridge-Quincy, MA-NH MSA
$0.9499
-4.32% -$0.04 6.89% $0.06 1.64% $0.02
Buffalo-Cheektowaga-Tonawanda, NY MSA
$0.7476
5.34% $0.04 6.71% $0.05 1.58% $0.01
Charlotte-Gastonia-Concord, NC-SC MSA
$0.6363
0.55% $0.00 2.76% $0.02 0.67% $0.00
Chicago-Naperville-Joliet, IL-IN-WI MSA
$0.6923
-1.13% -$0.01 0.01% $0.00 0.00% $0.00
Cincinnati-Middletown, OH-KY-IN MSA
$0.6747
2.98% $0.02 2.12% $0.01 0.54% $0.00
Cleveland-Elyria-Mentor, OH MSA
$0.6701
-2.15% -$0.01 8.40% $0.05 1.96% $0.01
Columbus, OH MSA
$0.6747
13.47% $0.08 18.91% $0.11 4.48% $0.03
Dallas-Fort Worth-Arlington, TXMSA
$0.7596
4.00% $0.03 14.19% $0.09 3.44% $0.02
Denver-Aurora, CO MSA
$1.1694
26.72% $0.25 18.40% $0.18 4.68% $0.05
Detroit-Warren-Livonia, MI MSA
$0.7087
5.56% $0.04 11.01% $0.07 2.64% $0.02
Hartford-West Hartford-East Hartford, CT MSA
$0.7948
-0.31% $0.00 4.14% $0.03 0.99% $0.01
Houston-Baytown-Sugar Land, TXMSA
$0.6808
-6.98% -$0.05 -8.68% -$0.06 -2.21% -$0.02
Indianapolis, IN MSA
$0.6923
22.01% $0.12 29.47% $0.16 7.12% $0.04
Jacksonville, FL MSA
$0.8093
17.46% $0.12 33.50% $0.20 7.81% $0.05
Kansas City, MO-KS MSA
$0.7863
13.84% $0.10 10.00% $0.07 2.52% $0.02
Las Vegas-Paradise, NV MSA
$0.7616
3.49% $0.03 15.27% $0.10 3.73% $0.03
Los Angeles-Long Beach-Santa Ana, CA MSA
$1.5326
5.62% $0.08 40.92% $0.45 9.37% $0.11
Louisville, KY-IN MSA
$0.6749
6.99% $0.04 8.80% $0.05 2.09% $0.01
Memphis, TN-MS-AR MSA
$0.6346
-4.02% -$0.03 5.85% $0.04 1.45% $0.01
Miami-Fort Lauderdale-Miami Beach, FL MSA
$0.9965
-5.32% -$0.06 -6.34% -$0.07 -1.64% -$0.02
Milwaukee-Waukesha-West Allis, WI MSA
$0.7308
5.52% $0.04 10.31% $0.07 2.53% $0.02
Minneapolis-St. Paul-Bloomington, MN-WI MSA
$0.8369
15.77% $0.11 30.30% $0.19 7.32% $0.05
Nashville-Davidson-Murfreesboro, TN MSA
$0.8269
10.89% $0.08 25.88% $0.17 6.16% $0.04
New Orleans-Metairie-Kenner, LA MSA
$0.6738
2.57% $0.02 3.22% $0.02 0.80% $0.01
New York-Newark-Edison, NY-NJ-PA MSA
$1.3757
18.53% $0.22 20.04% $0.23 5.09% $0.06
Oklahoma City, OK MSA
$0.5058
-4.55% -$0.02 -3.84% -$0.02 -0.94% -$0.01
Orlando, FL MSA
$0.7337
2.24% $0.02 16.28% $0.10 3.87% $0.03
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
$0.8741
-2.00% -$0.02 6.78% $0.06 1.62% $0.01
Phoenix-Mesa-Scottsdale, AZ MSA
$0.7932
7.99% $0.06 22.71% $0.15 5.41% $0.04
Pittsburgh, PA MSA
$0.7216
5.82% $0.04 13.16% $0.08 3.20% $0.02
Portland-Vancouver-Beaverton, OR-WA MSA
$1.2094
26.32% $0.25 33.86% $0.31 8.17% $0.08
Providence-New Bedford-Fall River, RI-MA MSA
$0.9801
1.99% $0.02 5.08% $0.05 1.27% $0.01
Richmond, VA MSA
$0.7840
6.19% $0.05 12.76% $0.09 3.12% $0.02
Riverside-San Bernardino-Ontario, CA MSA
$0.8824
0.14% $0.00 22.08% $0.16 5.16% $0.04
Rochester, NY MSA
$0.5989
-6.81% -$0.04 -4.59% -$0.03 -1.09% -$0.01
Sacramento-Arden-Arcade-Roseville, CA MSA
$1.1313
32.01% $0.27 37.73% $0.31 9.29% $0.08
Salt Lake City, UT MSA
$0.7522
1.05% $0.01 9.67% $0.07 2.36% $0.02
San Antonio, TXMSA
$0.7540
10.07% $0.07 26.60% $0.16 6.25% $0.04
San Diego-Carlsbad-San Marcos, CA MSA
$1.3667
9.39% $0.12 24.97% $0.27 6.02% $0.07
San Francisco-Oakland-Fremont, CA MSA
$1.6025
-0.27% $0.00 20.16% $0.27 4.86% $0.07
San Jose-Sunnyvale-Santa Clara, CA MSA
$1.5311
13.67% $0.18 5.78% $0.08 1.52% $0.02
Seattle-Tacoma-Bellevue, WA MSA
$1.2587
18.68% $0.20 50.02% $0.42 11.70% $0.10
St. Louis, MO-IL MSA
$0.6208
2.31% $0.01 11.21% $0.06 2.69% $0.02
Tampa-St. Petersburg-Clearwater, FL MSA
$0.8497
-5.38% -$0.05 13.70% $0.10 3.16% $0.03
Virginia Beach-Norfolk-Newport News, VA-NC MSA
$0.7503
13.05% $0.09 3.92% $0.03 0.98% $0.01
Washington-Arlington-Alexandria, DC-VA-MD-WV MSA
$1.0237
-5.04% -$0.05 -14.06% -$0.17 -3.60% -$0.04
Rent per Available Square Foot is calculated by deducting the cost of physical vacancy and the effective cost of concessions from the median asking rental rate.
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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