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
Kansas City, MO-KS MSA Sample Size SSDS Sample Size Sample as Percent of Total Facilities
138 47%
Market Conditions
Rentable SF Per Person
Conclusion Over-Supplied
MSA
7.87 6.50
National
Supply Ratios
MSA
Top 50 MSA
Diff
Performance at a Glance Households per existing self storage unit
7.8
7.6
0.1
Quarterly
Seasonal
Annual Change
3Q17 vs 2Q17
3Q17 vs 3Q16
Down -5.3% 1.0% Down -3.2% Up
Down -2.2%
Down -0.5%
Asking Rental Rate Physical Occupancy Rate Rent per Available SF (Rental Income)
Up
Up
7.0%
7.0%
Up
Up
5.9%
1.5%
Self-Storage Performance Index (SSPI)®
Asking Rental Rates Non-Climate Controlled - Ground Levels Min
100 120 140 160
Median $41.00 $59.99 $89.00 $144.00 $194.99
Max
Average $40.46 $59.87 $88.14 $141.40 $189.89
25 SF 50 SF 100 SF 200 SF 300 SF
$34.00 $49.99 $70.00 $129.00 $171.00
$49.00 $69.00 $105.99 $159.00 $219.99
60 80 40
Base = 4 Quarter 2003
SDS Index
S
Rent per Available SF 100 SF
3Q16
3Q17
Change
MSA Index
National Index
Median Average
$0.7189 $0.7298
$0.7612 $0.7802
5.9% 6.9%
Rent Per Available Square Foot (based on 100 square foot units)
Occupancy
3Q16 85.0% 78.1%
3Q17 92.0% 84.6%
Change
Physical Unit Occupancy Economic Occupancy
8.2% 8.2%
$0 90 $0.40 $0.50 $0.60 $0.70 $0.80 .
Concessions (Percentage Offering)
3Q16 64.7% 74.2%
3Q17 33.3% 43.4%
Change -48.4% -41.5%
MSA
Nationwide
MSA - Income & Expenses Guide Medians MSA
National
$/SF 10 31 .
$/SF 11 35 .
MSA
National
Effective Gross Income
Physical Occupancy
0.59 0.11 0.30 0.49 1.05 0.61 0.18 0.24 0.08 3.65
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
35.4%
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.
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