Self Storage Performance Quarterly Q3 2016

Self Storage Performance Quarterly

Market Conditions South Region Sample Size Total Facilities

Sample Size

% Sample

Southeast Southwest

6,784 1,475 21.7%

8,001 1,775 22.2% South Region 14,785 3,250 22.0%

Rental Rate Per Sq. Ft.

% Change

3Q15 3Q16

Rental Rates

Southeast Median

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

$0.8600 $0.9100 $0.9242 $0.9830

5.8% 6.4%

Average

Southwest Median

$0.8000 $0.8500 $0.8687 $0.9043

6.3% 4.1%

Average

South Region Median

Southeast

Southwest South Region

$0.8100 $0.8800 $0.8942 $0.9404

8.6% 5.2%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q15 3Q16

Southeast Median

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

87.0% 81.0% -6.0% 86.0% 84.7% -1.3%

Average

Southwest Median

85.0% 84.0% -1.0% 85.2% 85.5% 0.3%

Average

South Region Median

3Q14

3Q15

3Q16

85.0% 82.0% -3.0% 85.6% 85.1% -0.5%

Southeast

Southwest

South 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 ® 2016

Cushman & Wakefield | Valuation & Advisory

28