Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Median Asking Rental Rates per Square Foot Median Asking Rental Rates per Square Foot are based upon the asking rent for a 100-square-foot, ground level, non-climate-controlled unit.

Annual

Quarterly

Seasonal

Rental Rates 3Q19

Top 50 MSAs

% Change

Absolute Change

% Change

Absolute Change

% Change

Absolute Change

Atlanta-Sandy Springs-Marietta, GA MSA

$ 0.8500 -5.44% -$0.05 -5.56% -$0.05 -1.42% -$0.01

Austin-Round Rock, TXMSA

$ 0.9000 -9.09% -$0.09 -4.26% -$0.04 -1.07% -$0.01

Baltimore-Towson, MD MSA

$ 1.2000 -13.67% -$0.19 -6.98% -$0.09 -1.69% -$0.02

Birmingham-Hoover, AL MSA

$ 0.8500 0.06% $0.00 -1.16% -$0.01 -0.30% $0.00

Boston-Cambridge-Quincy, MA-NH MSA

$ 1.3500 4.65% $0.06 3.85% $0.05 0.96% $0.01

Buffalo-Cheektowaga-Tonawanda, NY MSA

$ 1.0000 0.00% $0.00 -1.96% -$0.02 -0.49% $0.00

Charlotte-Gastonia-Concord, NC-SC MSA

$ 0.8000 1.27% $0.01 -5.88% -$0.05 -1.50% -$0.01

Chicago-Naperville-Joliet, IL-IN-WI MSA

$ 0.8900 -5.32% -$0.05 -5.32% -$0.05 -1.36% -$0.01

Cincinnati-Middletown, OH-KY-IN MSA

$ 0.8100 -1.22% -$0.01 0.00% $0.00 0.00% $0.00

Cleveland-Elyria-Mentor, OH MSA

$ 0.9000 -0.82% -$0.01 0.00% $0.00 0.00% $0.00

Columbus, OH MSA

$ 0.8200 -7.87% -$0.07 2.50% $0.02 0.61% $0.00

Dallas-Fort Worth-Arlington, TXMSA

$ 0.8500 -6.59% -$0.06 -5.56% -$0.05 -1.39% -$0.01

Denver-Aurora, CO MSA

$ 1.2000 0.00% $0.00 -2.68% -$0.03 -0.69% -$0.01

Detroit-Warren-Livonia, MI MSA

$ 0.9900 -1.00% -$0.01 0.00% $0.00 0.00% $0.00

Hartford-West Hartford-East Hartford, CT MSA

$ 0.9900 -2.94% -$0.03 -7.48% -$0.08 -1.92% -$0.02

Houston-Baytown-Sugar Land, TXMSA

$ 0.8400 -5.62% -$0.05 -6.67% -$0.06 -1.72% -$0.02

Indianapolis, IN MSA

$ 0.8000 -5.88% -$0.05 3.90% $0.03 0.95% $0.01

Jacksonville, FL MSA

$ 1.0100 2.02% $0.02 1.00% $0.01 0.25% $0.00

Kansas City, MO-KS MSA

$ 0.9300 -1.06% -$0.01 3.33% $0.03 0.82% $0.01

Las Vegas-Paradise, NV MSA

$ 1.0995 0.92% $0.01 11.06% $0.11 2.70% $0.03

Los Angeles-Long Beach-Santa Ana, CA MSA

$ 1.9400 10.86% $0.19 10.86% $0.19 2.71% $0.05

Louisville, KY-IN MSA

$ 0.8500 -5.50% -$0.05 0.00% $0.00 0.00% $0.00

Memphis, TN-MS-AR MSA

$ 0.8900 4.71% $0.04 18.67% $0.14 4.52% $0.04

Miami-Fort Lauderdale-Miami Beach, FL MSA

$ 1.2900 -11.03% -$0.16 -10.42% -$0.15 -2.74% -$0.04

Milwaukee-Waukesha-West Allis, WI MSA

$ 0.8900 -6.32% -$0.06 -3.26% -$0.03 -0.82% -$0.01

Minneapolis-St. Paul-Bloomington, MN-WI MSA

$ 1.0500 -4.55% -$0.05 5.00% $0.05 1.22% $0.01

Nashville-Davidson-Murfreesboro, TN MSA

$ 0.9500 5.56% $0.05 -2.06% -$0.02 -0.54% -$0.01

New Orleans-Metairie-Kenner, LA MSA

$ 0.9900 -1.00% -$0.01 0.13% $0.12 0.03% $0.03

New York-Newark-Edison, NY-NJ-PA MSA

$ 1.7900 2.29% $0.04 2.87% $0.05 0.73% $0.01

Oklahoma City, OK MSA

$ 0.6500 0.00% $0.00 0.00% $0.00 0.00% $0.00

Orlando, FL MSA

$ 0.9250 -6.57% -$0.06 -6.57% -$0.06 -1.62% -$0.02

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA

$ 1.2500 0.00% $0.00 5.04% $0.06 1.23% $0.02

Phoenix-Mesa-Scottsdale, AZ MSA

$ 1.0500 6.06% $0.06 6.06% $0.06 1.52% $0.01

Pittsburgh, PA MSA

$ 0.9000 0.00% $0.00 0.00% $0.00 0.00% $0.00

Portland-Vancouver-Beaverton, OR-WA MSA

$ 1.4700 2.80% $0.04 -4.55% -$0.07 -1.18% -$0.02

Providence-New Bedford-Fall River, RI-MA MSA

$ 1.2500 -4.76% -$0.06 -7.37% -$0.10 -1.87% -$0.02

Richmond, VA MSA

$ 0.9000 0.00% $0.00 -10.00% -$0.10 -2.60% -$0.03

Riverside-San Bernardino-Ontario, CA MSA

$ 1.2000 -6.25% -$0.08 4.35% $0.05 1.05% $0.01

Rochester, NY MSA

$ 0.8500 -5.56% -$0.05 -5.56% -$0.05 -1.38% -$0.01

Sacramento-Arden-Arcade-Roseville, CA MSA

$ 1.2995 1.52% $0.02 3.96% $0.05 1.00% $0.01

Salt Lake City, UT MSA

$ 1.0600 0.95% $0.01 6.00% $0.06 1.46% $0.02

San Antonio, TXMSA

$ 0.8500 -3.41% -$0.03 -5.56% -$0.05 -1.40% -$0.01

San Diego-Carlsbad-San Marcos, CA MSA

$ 1.6500 3.77% $0.06 3.12% $0.05 0.79% $0.01

San Francisco-Oakland-Fremont, CA MSA

$ 2.1000 0.48% $0.01 5.00% $0.10 1.26% $0.03

San Jose-Sunnyvale-Santa Clara, CA MSA

$ 1.6000 -3.03% -$0.05 -5.88% -$0.10 -1.53% -$0.03

Seattle-Tacoma-Bellevue, WA MSA

$ 1.3995 -7.32% -$0.11 -6.07% -$0.09 -1.56% -$0.02

St. Louis, MO-IL MSA

$ 0.8000 -4.76% -$0.04 0.00% $0.00 0.00% $0.00

Tampa-St. Petersburg-Clearwater, FL MSA

$ 0.9900 -8.33% -$0.09 -9.17% -$0.10 -2.30% -$0.03

Virginia Beach-Norfolk-Newport News, VA-NC MSA

$ 1.0100 5.21% $0.05 3.06% $0.03 0.77% $0.01

Washington-Arlington-Alexandria, DC-VA-MD-WV MSA

$ 1.4400 2.86% $0.04 10.77% $0.14 2.60% $0.03

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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