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
Los Angeles-Long Beach-Santa Ana, CA MSA Sample Size SSDS Sample Size 484 Sample as Percent of Total Facilities 52% Market Conditions Rentable SF Per Person Conclusion MSA 4.72 Under-Supplied National 6.50 Supply Ratios MSA Top 50 MSA
Diff -0.7
Performance at a Glance Households per existing self storage unit
6.9
7.6
Quarterly
Seasonal
Annual Change
3Q17 vs 2Q17
3Q17 vs 3Q16
Down -1.7% 1.2% Down -1.7% Up
Up
Up
Asking Rental Rate Physical Occupancy Rate Rent per Available SF (Rental Income)
15.3%
3.6%
Up
Up
16.0%
16.0%
Up
Up
40.9%
8.4%
Self-Storage Performance Index (SSPI)®
Asking Rental Rates Non-Climate Controlled - Ground Levels Min
100 120 140 160
Median $78.00 $111.00 $170.00 $299.00 $403.00
Max
Average $78.02 $113.09 $182.85 $306.99 $417.24
25 SF 50 SF 100 SF 200 SF 300 SF
$62.00 $90.00 $147.00 $249.95 $332.00
$94.00 $135.00 $210.00 $350.00 $491.00
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
$1.0701 $1.1374
$1.5073 $1.5825
40.9% 39.1%
Rent Per Available Square Foot (based on 100 square foot units)
Occupancy
3Q16 80.0% 71.3%
3Q17 96.0% 87.1%
Change 20.0%
Physical Unit Occupancy Economic Occupancy
$1 60 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 .
22.1%
Concessions (Percentage Offering)
3Q16 88.2% 74.2%
3Q17 46.5% 43.4%
Change -47.3% -41.5%
MSA
Nationwide
MSA - Income & Expenses Guide Medians MSA
National
$/SF 14 00 .
$/SF 11 35 .
MSA
National
Effective Gross Income
Physical Occupancy
1.29 0.41 0.39 0.48 1.20 0.84 0.27 0.23 0.07 5.18
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% 100.0% 72.0
Repairs & Maintenance
Administration
On-Site Maintenance Off-Site Maintenance
Utilities
Advertising Miscellaneous Total Expenses
37.0%
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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