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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
7,129
1,139
16.0%
West North
Central
3,703
336
9.1%
Midwest
Region
10,832
1,475
13.6%
Rental Rate
Per Sq. Ft.
2Q16
2Q17
%
Change
East North Central
Median
$0.8500 $0.8800
3.5%
Average
$0.8887 $0.9041
1.7%
West North Central
Median
$0.9000 $0.9500
5.6%
Average
$0.9454 $0.9822
3.9%
Midwest Region
Median
$0.8500 $0.8900
4.7%
Average
$0.9081 $0.9308
2.5%
Physical
Occupancy
2Q16
2Q17
Absolute
Change
East North Central
Median
81.0%
83.0%
2.0%
Average
82.6%
85.3%
2.7%
West North Central
Median
80.0%
91.0%
11.0%
Average
83.3%
89.4%
6.1%
Midwest Region
Median
81.0%
86.0%
5.0%
Average
82.8%
86.7%
3.9%
0.00%
2.00%
4.00%
6.00%
8.00%
Midwest
Region
East North
Central
West North
Central
Rental Rates
Median Average
82.00%
84.00%
86.00%
88.00%
90.00%
2Q15
2Q16
2Q17
Average
Physical Unit Occupancy
Midwest Region
ENC WNC