Self Storage Performance Quarterly Q3 2018

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,472

655 14.6%

Pacific 6,255 1,700 27.2% West Region 10,727 2,355 22.0%

Rental Rate Per Sq. Ft.

% Change

3Q17 3Q18

Rental Rates

Mountain Median Average Pacific Median Average

-1.50% -1.00% -0.50% 0.00% 0.50% 1.00% 1.50%

$1.0400 $1.0495 $1.0997 $1.0892

0.9% -0.9%

$1.5000 $1.5100 $1.5873 $1.6084

0.7% 1.3%

Mountain Pacific West Region

West Region Median

$1.4000 $1.3900 $1.3840 $1.3919

-0.7% 0.6%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q17 3Q18

Mountain Median Average Pacific Median Average

82.00% 84.00% 86.00% 88.00% 90.00% 92.00% 94.00%

90.0% 90.0% 0.0% 88.6% 89.5% 0.9%

95.0% 93.0% -2.0% 92.6% 91.9% -0.7%

West Region Median

3Q16

3Q17

3Q18

93.0% 92.0% -1.0% 90.9% 90.9% 0.0%

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® 2018.

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