Self Storage Performance Quarterly Q3 2018

Self Storage Performance Quarterly

Market Conditions East Region Sample Size Total Facilities

Sample Size

% Sample

Mideast Division

5,091

788 15.6%

Northeast Division

5,016 1,236 24.6%

East Region

10,077 2,024 20.1%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

3Q17 3Q18

Mideast Division Median

-4.00% -2.00% 0.00% 2.00% 4.00% 6.00%

$1.0500 $1.0500 $1.1280 $1.0975

0.0% -2.7%

Average

Northeast Division Median

$1.2000 $1.2500 $1.3301 $1.3837

4.2% 4.0%

Average

East Region Median

East Region Northeast

Mideast

$1.1500 $1.1500 $1.2286 $1.2400

0.0% 0.9%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q17 3Q18

Mideast Division Median

82.00% 84.00% 86.00% 88.00% 90.00%

85.0% 89.0% 4.0% 85.3% 87.8% 2.5%

Average

Northeast Division Median

86.0% 90.0% 4.0% 86.3% 88.8% 2.5%

Average

East Region Median

3Q16

3Q17

3Q18

85.0% 90.0% 5.0% 85.4% 88.3% 2.5%

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® 2018.

Cushman & Wakefield | Valuation & Advisory

22