Self Storage Performance Quarterly - Q2 2018

Self Storage Performance Quarterly

Elasticity in Demand Due to the sampling techniques, the median is the best measure of overall performance as it excludes the extremes. However, the elasticity in self-storage demand is best demonstrated by looking at the average, rather than the median rental rate and physical occupancy data. AVERAGE ASKING RENTAL RATE AND AVERAGE PHYSICAL OCCUPANCY (RENTAL RATE FOR 100 SQ. FT. GROUND LEVEL NON-CLIMATE-CONTROLLED UNIT)

$120.00

100%

$115.00

95%

$110.00

$105.00

90%

$100.00

$95.00

85%

Average Asking Rent

$90.00

Average Physical Occupancy

$85.00

80%

$80.00

$75.00

75%

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 ® 2018.

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