Self Storage Performance Quarterly Q3 2016

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October 2016

Dear Subscriber, Gains continue in rental income and asking rents, as physical occupancy dropped slightly, which is normal and expected in the third quarter of the yearly cycle. The increase in rental income is particularly important, because it demonstrates revenue enhancement models continue to raise rents on income in place. This can further be demonstrated in the “National” graph of actual rent with steady or increasing third quarter values. Supply and demand metrics appear to be moving. Construction starts increased 65% from last quarter, and was up 47% as of 3Q15. According to F.W. Dodge, there have been 235 new starts the last four quarters (new starts includes new construction and alterations, additions, or renovations).

National Actual Rent Per SQFT (10x10 Analysis)










Climate Ground

Climate - Upper Level

Non-Climate Ground

Non-Climate - Upper Level

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

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