Self Storage Performance Quarterly Q3 2016

Self Storage Performance Quarterly

The graph below reflects the net difference in the ratio since August 2014. The trend line suggests that the ratio of move-ins is returning to parity with move-outs. In layman’s terms, when the trend line is sloping upward, demand is increasing and conversely, a downward sloping line would indicate weakening demand.

Ratio of Move-Ins to Move-Outs Net Difference in Ratio

10%

8%

6%

4%

2%

0%

-2%

-4%

-6%

-8%

-10%

1-Year MovingAverage

Storage Demand – The following tables illustrate the trends in demand based upon 399,000± self- storage units found in 663± facilities SSDS tracks every month.

Storage Demand – Nationwide

3Q16 vs. 3Q15

August 2016 vs. July 2016

August 2016 vs. August 2015

Total Rental Activity

8.4%

2.0%

-2.0%

Move-Ins

-4.4%

3.8%

-2.4%

Move-Outs

21.7%

0.5%

-1.6%

Source: Cushman & Wakefield, Inc.

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 ® 2016

Cushman & Wakefield | Valuation & Advisory

10