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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
37
Median Rent per Available Square Foot
Rent per Available Square Foot is calculated by deducting the cost of physical vacancy and the effective cost
of concessions from the median asking rental rate.
%
Change
Absolute
Change
%
Change
Absolute
Change
%
Change
Absolute
Change
Atlanta-Sandy Springs-Marietta, GA MSA
$0.6680
5.68% $0.04 6.73% $0.04 1.65% $0.01
Austin-Round Rock, TXMSA
$0.7928
11.95% $0.08 7.41% $0.05 1.82% $0.01
Baltimore-Towson, MD MSA
$0.9728
4.30% $0.04 3.28% $0.03 0.81% $0.01
Birmingham-Hoover, AL MSA
$0.6309
7.77% $0.05 13.74% $0.08 3.22% $0.02
Boston-Cambridge-Quincy, MA-NH MSA
$0.9499
-4.32% -$0.04 6.89% $0.06 1.64% $0.02
Buffalo-Cheektowaga-Tonawanda, NY MSA
$0.7476
5.34% $0.04 6.71% $0.05 1.58% $0.01
Charlotte-Gastonia-Concord, NC-SC MSA
$0.6363
0.55% $0.00 2.76% $0.02 0.67% $0.00
Chicago-Naperville-Joliet, IL-IN-WI MSA
$0.6923
-1.13% -$0.01 0.01% $0.00 0.00% $0.00
Cincinnati-Middletown, OH-KY-IN MSA
$0.6747
2.98% $0.02 2.12% $0.01 0.54% $0.00
Cleveland-Elyria-Mentor, OH MSA
$0.6701
-2.15% -$0.01 8.40% $0.05 1.96% $0.01
Columbus, OH MSA
$0.6747
13.47% $0.08 18.91% $0.11 4.48% $0.03
Dallas-Fort Worth-Arlington, TXMSA
$0.7596
4.00% $0.03 14.19% $0.09 3.44% $0.02
Denver-Aurora, CO MSA
$1.1694
26.72% $0.25 18.40% $0.18 4.68% $0.05
Detroit-Warren-Livonia, MI MSA
$0.7087
5.56% $0.04 11.01% $0.07 2.64% $0.02
Hartford-West Hartford-East Hartford, CT MSA
$0.7948
-0.31% $0.00 4.14% $0.03 0.99% $0.01
Houston-Baytown-Sugar Land, TXMSA
$0.6808
-6.98% -$0.05 -8.68% -$0.06 -2.21% -$0.02
Indianapolis, IN MSA
$0.6923
22.01% $0.12 29.47% $0.16 7.12% $0.04
Jacksonville, FL MSA
$0.8093
17.46% $0.12 33.50% $0.20 7.81% $0.05
Kansas City, MO-KS MSA
$0.7863
13.84% $0.10 10.00% $0.07 2.52% $0.02
Las Vegas-Paradise, NV MSA
$0.7616
3.49% $0.03 15.27% $0.10 3.73% $0.03
Los Angeles-Long Beach-Santa Ana, CA MSA
$1.5326
5.62% $0.08 40.92% $0.45 9.37% $0.11
Louisville, KY-IN MSA
$0.6749
6.99% $0.04 8.80% $0.05 2.09% $0.01
Memphis, TN-MS-AR MSA
$0.6346
-4.02% -$0.03 5.85% $0.04 1.45% $0.01
Miami-Fort Lauderdale-Miami Beach, FL MSA
$0.9965
-5.32% -$0.06 -6.34% -$0.07 -1.64% -$0.02
Milwaukee-Waukesha-West Allis, WI MSA
$0.7308
5.52% $0.04 10.31% $0.07 2.53% $0.02
Minneapolis-St. Paul-Bloomington, MN-WI MSA
$0.8369
15.77% $0.11 30.30% $0.19 7.32% $0.05
Nashville-Davidson-Murfreesboro, TN MSA
$0.8269
10.89% $0.08 25.88% $0.17 6.16% $0.04
New Orleans-Metairie-Kenner, LA MSA
$0.6738
2.57% $0.02 3.22% $0.02 0.80% $0.01
New York-Newark-Edison, NY-NJ-PA MSA
$1.3757
18.53% $0.22 20.04% $0.23 5.09% $0.06
Oklahoma City, OK MSA
$0.5058
-4.55% -$0.02 -3.84% -$0.02 -0.94% -$0.01
Orlando, FL MSA
$0.7337
2.24% $0.02 16.28% $0.10 3.87% $0.03
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD MSA
$0.8741
-2.00% -$0.02 6.78% $0.06 1.62% $0.01
Phoenix-Mesa-Scottsdale, AZ MSA
$0.7932
7.99% $0.06 22.71% $0.15 5.41% $0.04
Pittsburgh, PA MSA
$0.7216
5.82% $0.04 13.16% $0.08 3.20% $0.02
Portland-Vancouver-Beaverton, OR-WA MSA
$1.2094
26.32% $0.25 33.86% $0.31 8.17% $0.08
Providence-New Bedford-Fall River, RI-MA MSA
$0.9801
1.99% $0.02 5.08% $0.05 1.27% $0.01
Richmond, VA MSA
$0.7840
6.19% $0.05 12.76% $0.09 3.12% $0.02
Riverside-San Bernardino-Ontario, CA MSA
$0.8824
0.14% $0.00 22.08% $0.16 5.16% $0.04
Rochester, NY MSA
$0.5989
-6.81% -$0.04 -4.59% -$0.03 -1.09% -$0.01
Sacramento-Arden-Arcade-Roseville, CA MSA
$1.1313
32.01% $0.27 37.73% $0.31 9.29% $0.08
Salt Lake City, UT MSA
$0.7522
1.05% $0.01 9.67% $0.07 2.36% $0.02
San Antonio, TXMSA
$0.7540
10.07% $0.07 26.60% $0.16 6.25% $0.04
San Diego-Carlsbad-San Marcos, CA MSA
$1.3667
9.39% $0.12 24.97% $0.27 6.02% $0.07
San Francisco-Oakland-Fremont, CA MSA
$1.6025
-0.27% $0.00 20.16% $0.27 4.86% $0.07
San Jose-Sunnyvale-Santa Clara, CA MSA
$1.5311
13.67% $0.18 5.78% $0.08 1.52% $0.02
Seattle-Tacoma-Bellevue, WA MSA
$1.2587
18.68% $0.20 50.02% $0.42 11.70% $0.10
St. Louis, MO-IL MSA
$0.6208
2.31% $0.01 11.21% $0.06 2.69% $0.02
Tampa-St. Petersburg-Clearwater, FL MSA
$0.8497
-5.38% -$0.05 13.70% $0.10 3.16% $0.03
Virginia Beach-Norfolk-Newport News, VA-NC MSA
$0.7503
13.05% $0.09 3.92% $0.03 0.98% $0.01
Washington-Arlington-Alexandria, DC-VA-MD-WV MSA
$1.0237
-5.04% -$0.05 -14.06% -$0.17 -3.60% -$0.04
Annual
Top 50 MSAs
Quarterly
Seasonal
Rent Per
Available
Sq.Ft.2Q17