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cushmanwakefield.comSource: Cushman &Wakefield, Inc. The
Self Storage Performance Quarterly
, a publication of Cushman & Wakefield, Inc., is intended solely for use by paid subscribers.
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Cushman & Wakefield | Valuation & Advisory
i
July 2017
Dear Subscriber,
Rental income and asking rental rates Nationwide
increased. Physical occupancy increased, which
is expected in the second quarter of the yearly
cycle. The increase in rental income is particularly
important, because it demonstrates that revenue
enhancement models continue to raise rents on
income in place Nationwide. This can further be
demonstrated in the “National” graph of actual rent
with slight decrease in second quarter values.
Supply and demand metrics appear to be moving.
Construction starts increased 65% from last
quarter, and was up 133% as of 2Q16. According
to F.W. Dodge, there have been 391 new starts
the last four quarters (new starts includes new
construction and alterations, additions, or
renovations).
0.80
0.90
1.00
1.10
1.20
1.30
1.40
1.50
1.60
National
Actual Rent Per SQFT (10x10 Analysis)
Climate Ground
Climate - Upper Level
Non-Climate Ground
Non-Climate - Upper Level