Self Storage Performance Quarterly Q4 2019

Self Storage Performance Quarterly

Market Conditions

South Region

Sample Size

Total Facilities

Sample Size

% Sample

Southeast

6,896

1,354

19.6%

Southwest

8,156

1,791

22.0%

South Region

15,052

3,145

20.9%

Rental Rate Per Sq. Ft.

% Change

4Q18

4Q19

Rental Rates

Southeast Median

0.00%

$0.9500 $0.9200

-3.2%

-1.00%

Average

$1.0032 $0.9797

-2.3%

-2.00%

Southwest Median

-3.00%

$0.8625 $0.8400

-2.6%

-4.00%

Average

$0.8966 $0.8608

-4.0%

-5.00%

South Region Median

South Region Southeast

Southwest

$0.9000 $0.8600

-4.4%

Median Average

$0.9455 $0.9153

-3.2%

Average

Physical Occupancy Southeast Median

Absolute Change

Average Physical Unit Occupancy

4Q18

4Q19

92.00%

90.0%

90.9%

0.0%

Average

90.1%

91.0%

0.9%

91.00%

Southwest Median

90.00%

89.6%

90.0%

0.4%

89.00%

Average

89.0%

89.9%

0.9%

88.00%

South Region Median

4Q17

4Q18

4Q19

90.0%

90.0%

0.0%

South Region

Southeast

Southwest

89.5%

90.4%

0.9%

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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