Self Storage Performance Quarterly Q4 2016

Self Storage Performance Quarterly

Market Conditions West Region Sample Size Total Facilities

Sample Size

% Sample

Mountain

4,426

698 15.8%

Pacific 6,257 1,902 30.4% West Region 10,683 2,600 24.3%

Rental Rate Per Sq. Ft.

% Change

4Q15 4Q16

Rental Rates

Mountain Median Average Pacific Median Average

8.00%

$0.9400 $0.9800 $1.0056 $1.0339

4.3% 2.8%

6.00%

4.00%

$1.3000 $1.3500 $1.3782 $1.4119

3.8% 2.4%

2.00%

0.00%

West Region Median

Mountain Pacific West Region

$1.2000 $1.2500 $1.2238 $1.2553

4.2% 2.6%

Median Average

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

4Q15 4Q16

Mountain Median Average Pacific Median Average

82.00% 83.00% 84.00% 85.00% 86.00% 87.00%

85.0% 82.0% -3.0% 85.0% 83.9% -1.1%

82.0% 82.0% 0.0% 84.0% 83.3% -0.7%

West Region Median

4Q14

4Q15

4Q16

82.0% 82.0% 0.0% 84.4% 83.5% -0.9%

Mountain

Pacific

West Region

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 ® 2016

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