17 / 61
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
12
Section III – Market Performance Data Q3 2016
Self Storage Performance Index
Self-Storage Performance Index
®
- The SSPI measures the changes in net operating income, taking
into consideration changes in asking rents, physical occupancy and concessions, as well as operating
expenses. It is therefore a reliable and unbiased way of measuring the changes in self-storage’s
operating performance. Each quarter, the Index is reset to reflect the latest changes in expenses from
the prior quarter.
Comment on SSP Index:
The U.S. Self-Storage Performance Index
®
(SSPI) increased in the 4
th
quarter 2016 compared to last
quarter, and up 7.2 % from last year and is still at its all time high. The SSPI for the 4
th
quarter ending
December 31, 2016 now stands at 121.4 up 6.7% from the prior quarter’s index(1), and up 7.2% from
the 4
th
quarter 2015.
Note (1) The SSPI value for the 3
rd
quarter 2016 was projected to be 114.7 based on projected operating expenses and
pending receipt of actual expenditures for the 3
rd
quarter 2016. The final index value of 113.8 is used in the tables and graphs
contained herein.
121.4
80.0
85.0
90.0
95.0
100.0
105.0
110.0
115.0
120.0
125.0
130.0
Index
Base: 4th Quarter 2003 = 100
Self Storge Performance Index