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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
25
Market Conditions
Midwest Region
Sample Size
Total
Facilities
Sample
Size
%
Sample
East North
Central
7,118 1,279 18.0%
West North
Central
3,694
361
9.8%
Midwest
Region
10,812 1,640 15.2%
Rental Rate
Per Sq. Ft.
1Q16 1Q17
%
Change
East North Central
Median
$0.8500 $0.8800
3.5%
Average
$0.8665 $0.9236
6.6%
West North Central
Median
$0.8500 $0.9400 10.6%
Average
$0.8920 $0.9638
8.1%
Midwest Region
Median
$0.8500 $0.8900
4.7%
Average
$0.8752 $0.9374
7.1%
Physical
Occupancy
1Q16 1Q17
Absolute
Change
East North Central
Median
81.0% 82.0% 1.0%
Average
83.0% 83.5% 0.5%
West North Central
Median
83.9% 84.0% 0.1%
Average
83.8% 84.4% 0.6%
Midwest Region
Median
81.0% 82.0% 1.0%
Average
83.3% 83.8% 0.5%
-1.00%
1.00%
3.00%
5.00%
7.00%
9.00%
11.00%
Midwest
Region
East North
Central
West North
Central
Rental Rates
Median Average
82.00%
83.00%
84.00%
85.00%
86.00%
1Q15
1Q16
1Q17
Average
Physical Unit Occupancy
Midwest Region
ENC WNC