Self Storage Metropolitan Statistical Area Reports for 3rd Quarter 2017
S lf St e - orage e ropo an a s ca rea epor M t lit St ti ti l A R t
3 d Q t 2017 r uar er
Denver-Aurora, CO MSA Sample Size SSDS Sample Size Sample as Percent of Total Facilities
165 56%
Market Conditions
Rentable SF Per Person
Conclusion Equilibrium
MSA
6.57 6.50
National
Supply Ratios
MSA
Top 50 MSA
Diff -0.1
Performance at a Glance Households per existing self storage unit
7.6
7.6
Quarterly
Seasonal
Annual Change
3Q17 vs 2Q17
3Q17 vs 3Q16
Down -3.7% Down -1.0% Down -3.1%
Down -0.8%
Down -0.2%
Asking Rental Rate Physical Occupancy Rate Rent per Available SF (Rental Income)
Up
Up
9.0%
9.0%
Up
Up
14.7%
3.6%
Self-Storage Performance Index (SSPI)®
Asking Rental Rates Non-Climate Controlled - Ground Levels Min
90 140 190 240 SDS Index
Median $55.00 $80.00 $135.00 $201.00 $265.00
Max
Average $55.35 $82.84 $131.99 $195.26 $260.84
25 SF 50 SF 100 SF 200 SF 300 SF
$50.00 $66.60 $118.00 $172.80 $243.00
$62.90 $95.00 $150.00 $220.00 $292.00
Base = 4 Quarter 2003
40
S
Rent per Available SF 100 SF
3Q16
3Q17
Change
MSA Index
National Index
Median Average
$0.9875 $1.0312
$1.1327 $1.1374
14.7% 10.3%
Rent Per Available Square Foot (based on 100 square foot units)
Occupancy
3Q16 83.0% 75.4%
3Q17 92.0% 87.1%
Change 10.8%
Physical Unit Occupancy Economic Occupancy
$1 40 $0.40 $0.60 $0.80 $1.00 $1.20 .
15.6%
Concessions (Percentage Offering)
3Q16 70.0% 74.2%
3Q17 47.9% 43.4%
Change -31.6% -41.5%
MSA
Nationwide
MSA - Income & Expenses Guide Medians MSA
National
$/SF 12 61 .
$/SF 11 35 .
MSA
National
Effective Gross Income
Physical Occupancy
1.48 0.10 0.39 0.42 0.92 0.66 0.27 0.25 0.09 4.58
1.12 0.12 0.35 0.46 1.04 0.67 0.27 0.21 0.07 4.31
Taxes
Insurance
% 76.0% 80.0% 84.0% 88.0% 92.0% 96.0% 72.0
Repairs & Maintenance
Administration
On-Site Maintenance Off-Site Maintenance
Utilities
Advertising Miscellaneous Total Expenses
36.3%
38.0%
Expense Ratio
MSA
National
The data and findings contained in this report are the result of operating data collected each quarter from more than 17,000 self- storage facilities located in the United States. Source: Cushman & Wakefield, Inc. This publication 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.
Made with FlippingBook flipbook maker