Self Storage Performance Quarterly Q4 2019

Self Storage Performance Quarterly

Market Conditions

West Region

Sample Size

Total Facilities

Sample Size

% Sample

Mountain

4,458

598

13.4%

Pacific

6,244

1,752 28.1%

West Region

10,702

2,350

22.0%

Rental Rate Per Sq. Ft.

% Change

4Q18

4Q19

Rental Rates

Mountain Median

5.00%

$1.0200 $1.0600

3.9%

4.00%

Average

$1.0757 $1.1068

2.9%

3.00%

Pacific Median

2.00%

$1.4950 $1.5000

0.3%

1.00%

Average

$1.5666 $1.5979

2.0%

0.00%

West Region Median

West Region Mountain Pacific

$1.3500 $1.3900

3.0%

Median Average

$1.3621 $1.3933

2.3%

Average

Physical Occupancy

Absolute Change

Average Physical Unit Occupancy

4Q18

4Q19

Mountain Median

88.00% 89.00% 90.00% 91.00% 92.00% 93.00%

89.0%

90.0% 1.0%

89.3%

90.7% 1.4%

Average

Pacific Median

92.0%

92.0% 0.0%

Average

91.9%

91.8%

-0.1%

West Region Median

4Q17

4Q18

4Q19

91.0%

91.3%

0.3%

West Region

Mountain

Pacific

90.8%

91.4%

0.6%

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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