Self Storage Performance Quarterly Q3 2016

Self Storage Performance Quarterly

Market Conditions East Region Sample Size Total Facilities

Sample Size

% Sample

Mideast Division

4,946

884 17.9%

Northeast Division

5,129 1,269 24.7%

East Region

10,075 2,153 21.4%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

3Q15 3Q16

Mideast Division Median

0.00% 2.00% 4.00% 6.00% 8.00% 10.00% 12.00%

$1.0000 $1.1000 10.0%

Average

$1.1067 $1.1462

3.6%

Northeast Division Median

$1.1000 $1.1500 $1.2544 $1.3017

4.5% 3.8%

Average

East Region Median

East Region Northeast

Mideast

$1.0500 $1.1200 $1.1819 $1.2254

6.7% 3.7%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q15 3Q16

Mideast Division Median

82.00% 83.00% 84.00% 85.00% 86.00% 87.00%

86.2% 85.0% -1.2% 86.3% 85.5% -0.8%

Average

Northeast Division Median

85.0% 83.0% -2.0% 85.6% 84.6% -1.0%

Average

East Region Median

3Q14

3Q15

3Q16

86.0% 84.0% -2.0% 85.9% 85.0% -0.9%

East Region

Northeast

Mideast

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 ® 2016

Cushman & Wakefield | Valuation & Advisory

22