Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Market Conditions

East Region

Sample Size

Total Facilities

Sample Size

% Sample

Mideast Division

5,097

824

16.2%

Northeast Division

4,940

1,387

28.1%

East Region

10,037

2,211

22.0%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

3Q18

3Q19

Mideast Division Median

6.00%

$1.0500 $1.0500

0.0%

4.00%

Average

$1.0975 $1.1451

4.3%

Northeast Division Median

2.00%

$1.2500 $1.2900

3.2%

Average

$1.3837 $1.3908

0.5%

0.00%

East Region Median

East Region Mideast

Northeast

$1.1500 $1.2000

4.3%

Median Average

$1.2384 $1.2660

2.2%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q18

3Q19

Mideast Division Median

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

89.0%

90.1%

1.1%

Average

87.8%

91.0%

3.2%

Northeast Division Median

90.0%

98.7%

-1.3%

Average

88.8%

89.0%

0.2%

East Region Median

3Q17

3Q18

3Q19

90.0%

90.0%

0.0%

East Region

Mideast

Northeast

88.3%

90.0%

1.7%

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® 2019.

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