Self Storage Performance Quarterly Q4 2016

Self Storage Performance Quarterly

Section I – Executive Summary Performance At-a-Glance FOURTH QUARTER 2016 (BENCHMARK GROUND LEVEL 10X10 NON-CLIMATE-CONTROLLED-UNITS)

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 4Q16 vs. 3Q16

Seasonal 4Q16 vs. 4Q15

Nationwide

No Change 0.0%

Up 5.3%

Up 1.3%

Asking Rental Rate

Up 1.7%

Down -0.3%

Down -0.1%

Physical Occupancy Rate

Up 1.7%

Rent Per Available Sq. Ft. (Rental Income)

Up 2.7%

Up 7.0%

Annual Current Four Quarters vs. Preceding Four Quarters (1)

Quarterly 4Q16 vs. 3Q16

Seasonal 4Q16 vs. 4Q15

REITs

Down -6.4%

Down -1.7%

Down -0.4%

Asking Rental Rate

Down -1.8%

Down -0.6%

Down -0.2%

Physical Occupancy Rate

Rent Per Available Sq. Ft. (Rental Income)

Down -8.8%

Down -2.0%

Down -0.5%

Note: (1) The Annual changes reflect the percent change in the moving average for the four quarters ended in the current quarter relative to the four quarters ended in the previous quarter

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

2