Self Storage Performance Quarterly Q3 2018
Self Storage Performance Quarterly
Dear Subscriber, Rental income decreased Nationwide, while asking rental rates also decreased. Physical occupancy stayed the same in the third quarter of the yearly cycle Nationwide. The decrease in rental income is particularly important because it demonstrates that revenue enhancement models lowered rents on income in place Nationwide. This can further be demonstrated in the “National” graph of actual rent with stayed the same in the last two quarter values. Supply and demand metrics appear to be slightly growing this quarter, and still positive for the year. Construction starts increased 24% from last quarter and increased 16% as of 3Q17. According to F.W. Dodge, there have been 511 new starts the last four quarters (new starts includes new construction and alterations, additions, or renovations).
National Actual Rent Per SQFT (10x10 Analysis)
Climate - Upper Level
Non-Climate - Upper Level
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® 2018.
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