Self Storage Performance Quarterly Q2 2017

Self Storage Performance Quarterly

Table of Contents

Preface............................................................................................................................................. 1

Section I – Executive Summary ....................................................................................................... 2

 Performance At-a-Glance ........................................................................................................... 2

Section II – Supply and Demand ..................................................................................................... 3

 Supply ......................................................................................................................................... 3

 Construction Pipeline .................................................................................................................. 3

 New Construction Starts ............................................................................................................. 6

 Location of New Construction..................................................................................................... 8

 Demand ...................................................................................................................................... 9 Section III – Market Performance Data 2 nd Quarter 2017.............................................................. 12

 Self Storage Performance Index............................................................................................... 12

 Self Storage Performance Benchmarks ................................................................................... 13

 Concession Trends ................................................................................................................... 13

 Trends in Ten Most Popular Concessions................................................................................ 14

 Elasticity in Demand ................................................................................................................. 16

 Operating Performance – By Region........................................................................................ 18

 Operating Performance – By MSA ........................................................................................... 34

 Median Asking Rental Rates per Square Foot ......................................................................... 35

 Median Physical Occupancy..................................................................................................... 36

 Median Rent per Available Square Foot................................................................................... 37

 Implied Economic Occupancy by Metropolitan Area ................................................................ 38 Section IV – Real Estate Investment Trusts (REITs) Performance Data 1 st Quarter 2017 ........... 39 Section V – Transactional Database 2 nd Quarter 2017.................................................................. 41

 Methodology & Glossary of Terms ........................................................................................... 49

 Self Storage Chart of Accounts ................................................................................................ 52

 Company Profile ....................................................................................................................... 53

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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