Self Storage Performance Quarterly Q4 2016

Self Storage Performance Quarterly

Change in Rent Per Avail. SF

Rental Rate Change

Occupancy Change

Key

Seasonal Change in MSAs in West Regions

Mountain Division

DEN LVP PHO SLC LAX POR SAC SDC SFO SJS SEA RIV

Denver-Aurora, CO MSA

0.8% 2.4% 0.0% 4.6%

-2.1% -7.0% -1.0% 1.0% -1.7% 1.0% 1.0% -1.3% -2.0% -2.0% 4.0% 1.0%

1.0% -4.6% 0.1% 5.5%

Las Vegas-Paradise, NV MSA Phoenix-Mesa-Scottsdale, AZ MSA

Salt Lake City, UT MSA

Pacific Division

Los Angeles-Long Beach-Santa Ana, CA MSA Portland-Vancouver-Beaverton, OR-WA MSA Riverside-San Bernardino-Ontario, CA MSA Sacramento-Arden-Arcade-Roseville, CA MSA San Diego-Carlsbad-San Marcos, CA MSA San Francisco-Oakland-Fremont, CA MSA San Jose-Sunnyvale-Santa Clara, CA MSA

0.0%

1.8%

18.3% 8.0% 6.8% 0.0% 9.4% -5.9% 0.0%

19.6% 11.6% 9.9% -0.8% 6.6% -0.5% 0.9%

Seattle-Tacoma-Bellevue, WA MSA

Note : Light Tan shading denotes that MSA is split between NCREIF Regions and or Divisions.

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

Cushman & Wakefield | Valuation & Advisory

33

Made with