Self Storage Performance Quarterly Q3 2019

Self Storage Performance Quarterly

Table of Contents Preface .............................................................................................................................................1 Section I – Executive Summary........................................................................................................2  Performance At-a-Glance............................................................................................................2 Section II – Supply and Demand ......................................................................................................3

 Supply..........................................................................................................................................3

 Construction Pipeline ..................................................................................................................3

 New Construction Starts..............................................................................................................6

 Location of New Construction .....................................................................................................7

 Demand .......................................................................................................................................8 Section III – Market Performance Data 3 rd Quarter 2019...............................................................11

 Self Storage Performance Index ...............................................................................................11

 Self Storage Performance Benchmarks ....................................................................................12

 Concession Trends....................................................................................................................12

 Trends in Ten Most Popular Concessions ................................................................................13

 Elasticity in Demand ..................................................................................................................15

 Operating Performance – By Region ........................................................................................17

 Operating Performance – By MSA ............................................................................................33

 Median Asking Rental Rates per Square Foot.......................................................................... 34

 Median Physical Occupancy .....................................................................................................3 5

36  Median Rent per Available Square Foot ...................................................................................

 Implied Economic Occupancy by Metropolitan Area.................................................................37 Section IV – Real Estate Investment Trusts (REITs) Performance Data 2 nd Quarter 2019 ...........38 Section V – Transactional Database 3 rd Quarter 2019...................................................................40

 Methodology & Glossary of Terms ............................................................................................53

 Self Storage Chart of Accounts .................................................................................................56

 Company Profile ........................................................................................................................57

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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