Section 3 • Rental Rates
student renters and 3 percent of military renters have units that cost between $125 and $124.99 per month. Moreover, a mere 2 percent of student renters spend $150 or more per month per unit, while 7 percent of military renters have units that cost $150 or more per month.
Change *
$51.03 -0.1% $51.43 $51.97 $52.24
0.8% 1.0% 0.5%
1.2% 2.8%
$51.81 -0.8% $52.45 $53.94
0.9% 1.2% 0.9% -0.1% 0.6% 1.0% 0.9% -0.9% 1.5% 2.8%
National Rental Rate Trends In partnership with the SSA, New York-based REIS, Inc., tracks rental rates regionally in major metropolitan areas. This provides insight into rental rate trends and averages for both climate controlled units and non-climate controlled units. When looking at national rental rates for the second half of 2013
Table 3.3 – National Rental Rates (Non-Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $49.80 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
Table 3.4 – Midwest Rental Rates (Non-Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $39.08 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
Table 3.5 – Northeast Rental Rates (Non-Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $58.23 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available 50 Self-Storage Almanac 2015
$58.71 $59.37 $59.54 $59.71 $60.47 $60.88 $61.14
0.8% 1.1% 0.3% 0.3% 1.3% 0.7% 0.4%
$60.61 -0.9% $60.94 $62.83
0.5% 3.1%
$87.81 $88.63 $89.38 $89.44 $90.01 $90.60 $91.25 $92.36 $91.09 $92.63 $95.30
*
0.9% 0.8% 0.1% 0.6% 0.7% 0.7% 1.2% -1.4% 1.7% 2.9%
$140.64 $141.05 $142.15 $142.71 $142.82 $143.83 $144.71 $145.56 $144.47 $146.91 $151.78
Change *
0.3% 0.8% 0.4% 0.1% 0.7% 0.6% 0.6% -0.7% 1.7% 3.3%
$182.71 $182.71 $184.98 $184.87 $185.81 $187.23 $187.11 $188.42 $186.87 $190.19 $195.40
*
0.0% 1.2% -0.1% 0.5% 0.8% -0.1% 0.7% -0.8% 1.8% 2.7%
$39.21 $39.79 $39.97
0.3% 1.5% 0.5%
$39.84 -0.3% $39.84 $40.69 $41.07
$40.95 -0.3% $41.35 $42.75
0.0% 2.1% 0.9%
1.0% 3.4%
$55.14 $55.55 $56.32 $56.84 $56.54 $56.57 $57.94 $58.64 $58.46 $59.08 $61.00
*
0.7% 1.4% 0.9% -0.5% 0.1% 2.4% 1.2% -0.3% 1.1% 3.2%
$87.09 $87.56 $88.86 $89.68 $89.81 $90.05 $91.56 $93.57 $92.50 $93.71 $96.88
Change *
0.5% 1.5% 0.9% 0.1% 0.3% 1.7% 2.2% -1.1% 1.3% 3.4%
$110.47 $111.52 $113.35 $114.65 $114.48 $114.86 $116.40 $117.95 $116.79 $118.46 $122.14
$50.12 $50.75 $51.06
0.6% 1.3% 0.6%
$68.94 $69.54 $70.35 $71.00 $70.93 $71.39 $72.12 $72.77 $72.11 $73.18 $75.21
$108.71 $109.35 $110.59 $111.87 $111.92 $112.51 $113.60 $114.82 $113.88 $115.63 $118.85
*
0.6% 1.1% 1.2% 0.0% 0.5% 1.0% 1.1% -0.8% 1.5% 2.8%
$142.40 $143.03 $144.73 $145.97 $146.12 $146.62 $147.57 $148.72 $147.62 $149.99 $153.72
Change *
0.4% 1.2% 0.9% 0.1% 0.3% 0.6% 0.8% -0.7% 1.6% 2.5%
$171.37 $172.33 $174.29 $175.48 $176.28 $177.32 $179.84 $181.11 $179.86 $182.41 $187.01
Change
5 x 5 in Rent 5 x 10 in Rent 10 x 10 in Rent 10 x 15 in Rent 10 x 20 in Rent *
*
0.6% 1.1% 0.7% 0.5% 0.6% 1.4% 0.7% -0.7% 1.4% 2.5%
Source: © 2014 REIS, INC.
Change *
1.0% 1.6% 1.1% -0.1% 0.3% 1.3% 1.3% -1.0% 1.4% 3.1%
$133.57 $133.99 $135.41 $136.88 $136.91 $137.61 $139.82 $141.87 $140.23 $142.07 $146.42
Change
5 x 5 in Rent 5 x 10 in Rent 10 x 10 in Rent 10 x 15 in Rent 10 x 20 in Rent *
*
0.3% 1.1% 1.1% 0.0% 0.5% 1.6% 1.5% -1.2% 1.3% 3.1%
Source: © 2014 REIS, INC.
Change
$219.10 $220.88 $222.21 $223.68 $226.19 $228.28 $231.42 $233.69 $232.05 $236.48 $242.97
Change
5 x 5 in Rent 5 x 10 in Rent 10 x 10 in Rent 10 x 15 in Rent 10 x 20 in Rent *
*
0.8% 0.6% 0.7% 1.1% 0.9% 1.4% 1.0% -0.7% 1.9% 2.7%
Source: © 2014 REIS, INC.
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