Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Median Rent per Available Square Foot Rent per Available Square Foot is calculated by deducting the cost of physical vacancy and the effective cost of concessions from the median asking rental rate.

Quarterly

Seasonal

Annual

Rent Per Available Sq.Ft. 3Q19

Top 50 MSAs

% Change

Absolute Change

% Change

Absolute Change

% Change

Absolute Change

Atlanta-Sandy Springs-Marietta, GA MSA

$0.7126

-4.08% -$0.03 -5.48% -$0.04 -1.41% -$0.01

Austin-Round Rock, TXMSA

$0.7672

-6.07% -$0.05 -2.26% -$0.02 -0.57% $0.00

Baltimore-Towson, MD MSA

$0.9846

-13.59% -$0.15 -3.39% -$0.03 -0.81% -$0.01

Birmingham-Hoover, AL MSA

$0.7015

-3.97% -$0.03 -2.54% -$0.02 -0.65% $0.00

Boston-Cambridge-Quincy, MA-NH MSA

$1.0696

1.23% $0.01 6.00% $0.06 1.47% $0.02

Buffalo-Cheektowaga-Tonawanda, NY MSA

$0.7996

-1.51% -$0.01 -3.09% -$0.03 -0.77% -$0.01

Charlotte-Gastonia-Concord, NC-SC MSA

$0.6756

2.21% $0.01 -4.72% -$0.03 -1.20% -$0.01

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

$0.7864

1.05% $0.01 0.25% $0.00 0.07% $0.00

Cincinnati-Middletown, OH-KY-IN MSA

$0.6794

-3.63% -$0.03 0.00% $0.00 0.00% $0.00

Cleveland-Elyria-Mentor, OH MSA

$0.7792

0.12% $0.00 0.36% $0.00 0.09% $0.00

Columbus, OH MSA

$0.6963

-7.99% -$0.06 -0.14% $0.00 -0.04% $0.00

Dallas-Fort Worth-Arlington, TXMSA

$0.7158

-4.60% -$0.03 -5.63% -$0.04 -1.43% -$0.01

Denver-Aurora, CO MSA

$0.9741

0.79% $0.01 -5.34% -$0.05 -1.40% -$0.01

Detroit-Warren-Livonia, MI MSA

$0.8321

0.10% $0.00 1.77% $0.01 0.44% $0.00

Hartford-West Hartford-East Hartford, CT MSA

$0.8384

-3.93% -$0.03 -3.97% -$0.03 -0.99% -$0.01

Houston-Baytown-Sugar Land, TXMSA

$0.7005

-4.55% -$0.03 -8.05% -$0.06 -2.11% -$0.02

Indianapolis, IN MSA

$0.6886

-4.63% -$0.03 4.75% $0.03 1.17% $0.01

Jacksonville, FL MSA

$0.8156

2.85% $0.02 -3.25% -$0.03 -0.83% -$0.01

Kansas City, MO-KS MSA

$0.7832

-1.77% -$0.01 4.58% $0.03 1.12% $0.01

Las Vegas-Paradise, NV MSA

$0.9205

1.76% $0.02 8.23% $0.07 2.05% $0.02

Los Angeles-Long Beach-Santa Ana, CA MSA

$1.6472

3.94% $0.06 4.70% $0.07 1.18% $0.02

Louisville, KY-IN MSA

$0.7254

-3.95% -$0.03 2.53% $0.02 0.62% $0.00

Memphis, TN-MS-AR MSA

$0.7719

7.06% $0.05 19.77% $0.13 4.81% $0.03

Miami-Fort Lauderdale-Miami Beach, FL MSA

$1.0557

-8.44% -$0.10 -9.29% -$0.11 -2.43% -$0.03

Milwaukee-Waukesha-West Allis, WI MSA

$0.7928

1.45% $0.01 3.81% $0.03 0.95% $0.01

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

$0.9355

-1.76% -$0.02 5.63% $0.05 1.39% $0.01

Nashville-Davidson-Murfreesboro, TN MSA

$0.8657

6.55% $0.05 4.01% $0.03 1.03% $0.01

New Orleans-Metairie-Kenner, LA MSA

$0.8011

-0.52% $0.00 16.78% $0.12 3.86% $0.03

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

$1.4416

0.03% $0.00 -0.12% $0.00 -0.03% $0.00

Oklahoma City, OK MSA

$0.5303

7.41% $0.04 6.89% $0.03 1.77% $0.01

Orlando, FL MSA

$0.7767

-5.80% -$0.05 -5.92% -$0.05 -1.45% -$0.01

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

$1.0454

-1.53% -$0.02 6.14% $0.06 1.49% $0.02

Phoenix-Mesa-Scottsdale, AZ MSA

$0.8740

4.58% $0.04 5.70% $0.05 1.43% $0.01

Pittsburgh, PA MSA

$0.7717

-2.59% -$0.02 -0.91% -$0.01 -0.23% $0.00

Portland-Vancouver-Beaverton, OR-WA MSA

$1.2214

3.84% $0.05 -4.70% -$0.06 -1.24% -$0.02

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

$1.0858

-5.42% -$0.06 -6.09% -$0.07 -1.55% -$0.02

Richmond, VA MSA

$0.7641

1.39% $0.01 -7.11% -$0.06 -1.84% -$0.01

Riverside-San Bernardino-Ontario, CA MSA

$1.0174

-10.93% -$0.12 3.21% $0.03 0.75% $0.01

Rochester, NY MSA

$0.6842

-6.77% -$0.05 -12.82% -$0.10 -3.26% -$0.03

Sacramento-Arden-Arcade-Roseville, CA MSA

$1.1617

3.04% $0.03 1.20% $0.01 0.31% $0.00

Salt Lake City, UT MSA

$0.8884

0.38% $0.00 3.43% $0.03 0.85% $0.01

San Antonio, TXMSA

$0.7239

-1.96% -$0.01 -2.47% -$0.02 -0.62% $0.00

San Diego-Carlsbad-San Marcos, CA MSA

$1.4652

9.17% $0.12 2.18% $0.03 0.57% $0.01

San Francisco-Oakland-Fremont, CA MSA

$1.7767

-1.47% -$0.03 2.72% $0.05 0.68% $0.01

San Jose-Sunnyvale-Santa Clara, CA MSA

$1.3220

-3.06% -$0.04 -6.49% -$0.09 -1.69% -$0.02

Seattle-Tacoma-Bellevue, WA MSA

$1.1570

-4.30% -$0.05 -8.63% -$0.11 -2.27% -$0.03

St. Louis, MO-IL MSA

$0.6921

-4.85% -$0.04 2.56% $0.02 0.62% $0.00

Tampa-St. Petersburg-Clearwater, FL MSA

$0.8115

-9.37% -$0.08 -10.42% -$0.09 -2.63% -$0.02

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

$0.8313

7.72% $0.06 6.58% $0.05 1.65% $0.01

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

$1.2281

6.74% $0.08 14.49% $0.16 3.48% $0.04

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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