Self Storage Performance Quarterly Q4 2019

Self Storage Performance Quarterly

Market Conditions

Midwest Region

Sample Size

Total Facilities

Sample Size

% Sample

East North Central West North Central

7,080

1,261

17.8%

3,714

425

11.4%

Midwest Region

10,764

1,686

15.6%

Rental Rate Per Sq. Ft.

% Change

Rental Rates

4Q18

4Q19

Midwest Region

East North Central

West North Central

East North Central Median

-7.00% -6.00% -5.00% -4.00% -3.00% -2.00% -1.00% 0.00%

$0.8800 $0.8500

-3.4%

Average

$0.9158 $0.9071

-0.9%

West North Central Median

$0.9300 $0.8900

-4.3%

Average

$0.9832 $0.9187

-6.6%

Midwest Region Median

$0.8900 $0.8800

-1.1%

Median Average

$0.9390 $0.9111

-3.0%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

4Q18

4Q19

East North Central Median

85.00% 86.00% 87.00% 88.00% 89.00% 90.00% 91.00% 92.00%

90.0%

91.0%

1.0%

Average

89.6%

91.1%

1.5%

West North Central Median

91.0%

91.0%

0.0%

Average

90.7%

91.1%

0.4%

Midwest Region Median

4Q17

4Q18

4Q19

90.0%

91.0%

1.0%

Midwest Region

ENC WNC

90.0%

91.1%

1.1%

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® 2020.

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