Self Storage Performance Quarterly - Q2 2018

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 2018 ..............................................................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 2018............39 Section V – Transactional Database 2 nd Quarter 2018 ..................................................................41  Methodology & Glossary of Terms ............................................................................................54  Self Storage Chart of Accounts .................................................................................................57  Company Profile ........................................................................................................................58

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.

Cushman & Wakefield | Valuation & Advisory