Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Market Conditions

Midwest Region

Sample Size

Total Facilities

Sample Size

% Sample

East North Central West North Central

7,069

1,340

19.0%

3,703

420

11.3%

Midwest Region

10,772

1,760

16.3%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

3Q18

3Q19

Midwest Region

East North Central

West North Central

East North Central Median

0.00%

$0.8900 $0.8900

0.0%

-0.50%

Average

$0.9193 $0.9185

-0.1%

-1.00%

West North Central Median

-1.50%

$0.9500 $0.9500

0.0%

-2.00%

Average

$1.0002 $0.9731

-2.7%

-2.50%

Midwest Region Median

-3.00%

$0.9000 $0.9000

0.0%

Median Average

$0.9471 $0.9372

-1.0%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q18

3Q19

East North Central Median

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

90.0%

92.0%

2.0%

Average

88.8%

92.4%

3.6%

West North Central Median

91.2%

93.0%

1.8%

Average

90.4%

92.7%

2.3%

Midwest Region Median

3Q17

3Q18

3Q19

90.0%

92.0%

2.0%

Midwest Region

ENC WNC

89.4%

92.5%

3.1%

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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