Self Storage Performance Quarterly - Q2 2018

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,466

660 14.8%

Pacific 6,250 1,778 28.4% West Region 10,716 2,438 22.8%

Rental Rate Per Sq. Ft.

% Change

2Q17 2Q18

Rental Rates

Mountain Median Average Pacific Median Average

-3.00% -2.00% -1.00% 0.00% 1.00% 2.00%

$1.0098 $1.0200 $1.0920 $1.0746

1.0% -1.6%

Mountain Pacific West Region

$1.5400 $1.4995 $1.5802 $1.5726

-2.6% -0.5%

West Region Median

$1.3900 $1.3600 $1.3768 $1.3651

-2.2% -0.8%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

2Q17 2Q18

Mountain Median Average Pacific Median Average

82.00% 84.00% 86.00% 88.00% 90.00% 92.00% 94.00%

90.0% 90.0% 0.0% 88.6% 89.3% 0.7%

94.0% 94.6% 0.6% 91.5% 92.7% 1.2%

West Region Median

2Q16

2Q17

2Q18

93.0% 93.0% 0.0% 90.3% 91.3% 1.0%

Mountain

Pacific

West Region

Average

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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