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

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