Self Storage Performance Quarterly Q4 2016

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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
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Table of Contents
Preface .............................................................................................................................................1
Section I – Executive Summary........................................................................................................2
 Performance At-a-Glance............................................................................................................2
Section II – Supply and Demand ......................................................................................................3
 Supply..........................................................................................................................................3
 Construction Pipeline ..................................................................................................................3
 New Construction Starts..............................................................................................................6
 Location of New Construction .....................................................................................................8
 Demand .......................................................................................................................................9
Section III – Market Performance Data Q3 2016 ...........................................................................12
 Self Storage Performance Index ...............................................................................................12
 Self Storage Performance Benchmarks ....................................................................................13
 Concession Trends....................................................................................................................13
 Trends in Ten Most Popular Concessions ................................................................................14
 Elasticity in Demand ..................................................................................................................16
 Operating Performance – By Region ........................................................................................18
 Operating Performance – By MSA ............................................................................................34
 Median Asking Rental Rates per Square Foot ..........................................................................35
 Median Physical Occupancy .....................................................................................................36
 Median Rent per Available Square Foot ...................................................................................37
Implied Economic Occupancy by Metropolitan Area ......................................................................38
Section IV – Real Estate Investment Trusts (REITs) Performance Data 3rd Quarter 2016............39
Section V – Transactional Database 4th Quarter 2016...................................................................41
Section IV – Appendices ................................................................................................................50
 Methodology & Glossary of Terms ............................................................................................51
 Self Storage Chart of Accounts .................................................................................................54
 Company Profile ........................................................................................................................55