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Self Storage Performance Quarterly

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

Cushman & Wakefield | Valuation & Advisory

10

The graph below reflects the net difference in the ratio since November 2014. The trend line suggests

that the ratio of move-ins is returning to parity with move-outs. In layman’s terms, when the trend line

is sloping upward, demand is increasing and conversely, a downward sloping line would indicate

weakening demand.

Storage Demand

– The following tables illustrate the trends in demand based upon 450,000± self-

storage units found in 724± facilities SSDS tracks every month.

Storage Demand – Nationwide

November 2016

vs.

October 2016

November 2016

vs.

November 2015

4Q16

vs.

4Q15

Total Rental Activity

-12.4%

8.0%

7.1%

Move-Ins

-13.8%

4.3%

6.2%

Move-Outs

-11.1%

11.4%

8.0%

Source: Cushman & Wakefield, Inc.

-10%

-8%

-6%

-4%

-2%

0%

2%

4%

6%

8%

10%

Ratio of Move-Ins to Move-Outs

Net Difference in Ratio

1-Year MovingAverage