Self Storage Performance Quarterly Q3 2016

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,425

696 15.7%

Pacific 6,255 1,935 30.9% West Region 10,680 2,631 24.6%

Rental Rate Per Sq. Ft.

% Change

3Q15 3Q16

Rental Rates

Mountain Median Average Pacific Median Average

8.00%

$0.9400 $0.9500 $1.0154 $1.0308

1.1% 1.5%

6.00%

4.00%

$1.2500 $1.3400 $1.3384 $1.4112

7.2% 5.4%

2.00%

0.00%

West Region Median

Mountain Pacific West Region

$1.2000 $1.2200 $1.2045 $1.2536

1.7% 4.1%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q15 3Q16

Mountain Median Average Pacific Median Average

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

85.0% 81.0% -4.0% 85.5% 83.9% -1.6%

80.0% 80.0% 0.0% 82.8% 82.2% -0.6%

West Region Median

3Q14

3Q15

3Q16

80.0% 80.0% 0.0% 83.9% 82.9% -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 ® 2016

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