Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Market Conditions

West Region

Sample Size

Total Facilities

Sample Size

% Sample

Mountain

4,458

718

16.1%

Pacific

6,237

1,915 30.7%

West Region

10,695

2,633

24.6%

Rental Rate Per Sq. Ft.

% Change

3Q18

3Q19

Rental Rates

Mountain Median

0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 7.00%

$1.0495 $1.1000

4.8%

Average

$1.0892 $1.1586

6.4%

Pacific Median

$1.5100 $1.5900

5.3%

Average

$1.6084 $1.7057

6.0%

West Region Median

West Region Mountain Pacific

$1.3900 $1.4500

4.3%

Median Average

$1.3920 $1.4776

6.2%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

3Q18

3Q19

Mountain Median

94.00%

90.0%

90.0% 0.0%

89.5%

90.2% 0.7%

Average

92.00%

Pacific Median

90.00%

93.0%

92.0% -1.0%

88.00%

Average

91.9%

91.6%

-0.3%

86.00%

West Region Median

3Q17

3Q18

3Q19

92.0%

91.0%

-1.0%

West Region

Mountain

Pacific

90.9%

91.0%

0.1%

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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