Self Storage Performance Quarterly Q1 2019
Self Storage Performance Quarterly
Rental income increased Nationwide, while asking rental rates also increased. Physical occupancy stayed the same in the first quarter of the yearly cycle Nationwide. The increase in rental income is particularly important because it demonstrates that revenue enhancement models increased rents on units in place Nationwide. This can further be demonstrated in the “National” graph of actual rent. Supply and demand metrics appear to be slightly slowing this quarter, and still positive for the year. Construction starts decreased 10% from last quarter and decreased 5% as of 1Q18. According to F.W. Dodge, there have been 443 new starts the last four quarters (new starts includes new construction and alterations, additions, or renovations).
National Actual Rent Per SQFT (10x10 Analysis)
Climate - Upper Level
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® 2019.
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