Self Storage Performance Quarterly Q4 2019

Self Storage Performance Quarterly

Section I – Executive Summary

Performance At-a-Glance

FOURTH QUARTER 2019

(BENCHMARK GROUND LEVEL 10X10 NON-CLIMATE-CONTROLLED-UNITS)

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

Quarterly 4Q19 vs. 3Q19

Seasonal 4Q19 vs. 4Q18

Nationwide

Down -4.8%

Down -1.0%

Down -0.2%

Asking Rental Rate

Down -0.1%

Up 0.9%

Up 0.2%

Physical Occupancy Rate

Rent Per Available Sq. Ft. (Rental Income)

Down -5.2%

Down -1.0%

Down -0.3%

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

Quarterly 4Q19 vs. 3Q19

Seasonal 4Q19 vs. 4Q18

REITs

Down -12.0%

Down -4.6%

Down -1.1%

Asking Rental Rate

Down -0.5%

Down -0.6%

Down -0.1%

Physical Occupancy Rate

Rent Per Available Sq. Ft. (Rental Income)

Down -12.8%

Down -6.7%

Down -1.6%

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® 2020.

Cushman & Wakefield | Valuation & Advisory

2