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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
14
SSDS CONCESSION INDEX
Trends in Ten Most Popular Concessions
PERCENT OF FACILITIES OFFERING EACH TYPE
108.4
80
85
90
95
100
105
110
115
120
125
Index
Base: 4th Quarter 2003 = 100
Self Storge Concession Index
Quarterly Seasonal Annual
Various Specials
54.04% 50.78% 32.56% 39.79% 25.58% -14.21% -28.46% -7.12%
1/2 Off 1st Month
8.82% 8.52% 12.10% 11.12% 8.59% -2.53% -0.23% -0.06%
$1.00 Move-In
6.93% 5.75% 6.25% 5.33% 3.70% -1.63% -3.23% -0.81%
1 Month Free w/ One-way
0.84% 0.76% 1.65% 2.20% 3.08% 0.88% 2.24% 0.56%
1/2 Month Free
1.76% 2.83% 5.93% 1.15% 2.13% 0.98% 0.37% 0.09%
1st Month Free
1.05% 0.63% 2.96% 3.20% 1.55% -1.65% 0.50% 0.13%
1 Month Free
0.89% 1.47% 1.70% 2.30% 1.26% -1.04% 0.37% 0.09%
10% Discount
0.55% 0.34% 0.22% 0.37% 0.95% 0.58% 0.40% 0.10%
1/2 Off 1st 2 Months
0.22% 0.02% 0.18% 0.98% 0.75% -0.23% 0.53% 0.13%
2nd Month Free
0.05% 0.33% 0.29% 0.46% 0.55% 0.09% 0.50% 0.13%
Other Concessions
1.57% 2.78% 1.38% 3.13% 3.87% 0.74% 2.30% 0.58%
None
23.28% 25.79% 34.78% 29.97% 47.99% 18.02% 24.71% 6.18%
Total
100.0% 100.0% 100.0% 100.0% 100.00%
Absolute Change (%)
Type of Rent
Concession
2Q16 3Q16 4Q16 1Q17 2Q17