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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 ® 2017

Cushman & Wakefield | Valuation & Advisory

11

Storage Demand by Region

December 2016, January, February 2017 vs. December 2015, January, February 2016

East

Midwest

South

West

Total Rental Activity

-2.4%

-11.2%

-7.4%

-6.4%

Move-Ins

-3.1%

-12.4%

-8.9%

-3.9%

Move-Outs

-1.6%

-10.0%

-5.9%

8.9%

Source: Cushman & Wakefield, Inc.

Physical Occupancy by Region

February 2017 vs. February 2016 (Same Store Sample)

Nationwide

East

Midwest

South

West

Absolute Change

-0.4%

-0.4%

1.1%

-0.6%

-0.3%

Source: Cushman & Wakefield, Inc.

Demand as Measured by Changes in Potential Gross Income by Region

February 2017 vs. February 2016 (Same Store Sample)

Nationwide East

Midwest

South

West

Potential Gross Income -2.5%

-2.0% -0.7%

-2.4% -5.6%

Source: Cushman & Wakefield, Inc.