Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Market Conditions

South Region

Sample Size

Total Facilities

Sample Size

% Sample

Southeast

6,886

1,467

21.3%

Southwest

8,143

1,928

23.7%

South Region

15,029

3,395

22.6%

Rental Rate Per Sq. Ft.

% Change

3Q18

3Q19

Rental Rates

Southeast Median

0.00%

$0.9900 $0.9500

-4.0%

-1.00%

Average

$1.0306 $1.0107

-1.9%

-2.00%

Southwest Median

-3.00%

$0.8900 $0.8500

-4.5%

-4.00%

Average

$0.9057 $0.8718

-3.7%

-5.00%

South Region Median

South Region Southeast

Southwest

$0.9000 $0.8900

-1.1%

Median Average

$0.9629 $0.9355

-2.9%

Average

Physical Occupancy Southeast Median

Absolute Change

Average Physical Unit Occupancy

3Q18

3Q19

92.00%

90.0%

90.9%

0.9%

Average

89.9%

91.3%

1.4%

90.00%

Southwest Median

90.0%

91.0%

1.0%

88.00%

Average

89.3%

91.3%

2.0%

86.00%

South Region Median

3Q17

3Q18

3Q19

90.0%

91.0%

1.0%

South Region

Southeast

Southwest

89.6%

91.3%

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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