Rental Rates • Section 3
and the first half of 2014, there is one major common occur- rence across the board for all sizes of both climate-controlled and non-climate controlled units: a decline in rental rates from the third quarter of 2013 to the fourth quarter of 2013. While the rental rates for 5-by-5 non-climate controlled units dropped 0.8 percent, climate controlled units experienced a 1.5 percent
Change *
$46.77 -0.4% $47.29 $47.63 $47.61
1.1% 0.7% 0.0%
1.3% 2.8%
$46.96 -1.4% $47.55 $48.88
0.9% 0.9% 1.2% -0.7% 1.0% 0.8% 0.4% -1.3% 1.1% 2.9%
decline in rates from third quarter 2013 to fourth quarter 2013. For non-climate controlled units, the smallest drop in rental rates were for 10-by-15 and 10-by-20 units. Both of these unit sizes experienced a 0.7 percent decline in asking price from the third quarter of 2013 to the fourth quarter of 2013. The same is true for climate controlled 10-by-15 and 10-by-20
Table 3.6 – South Atlantic Rental Rates (Non-Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $45.93 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
Table 3.7 – Southwest Rental Rates (Non-Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $36.83 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available Change Year
2011 Q4 $52.00 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
$52.41 $53.11 $53.51
0.8% 1.3% 0.8%
$53.46 -0.1% $53.75 $54.30 $54.67
0.5% 1.0% 0.7%
$54.27 -0.7% $55.20 $56.64
1.7% 2.6%
Table 3.8 – West Rental Rates (Non-Climate Controlled Asking Rent) Change
Change
$75.56 $76.10 $77.06 $77.93 $77.94 $78.43 $78.84 $79.55 $78.84 $80.23 $82.24
*
0.7% 1.3% 1.1% 0.0% 0.6% 0.5% 0.9% -0.9% 1.8% 2.5%
$123.42 $124.31 $125.87 $127.54 $127.66 $128.25 $129.07 $130.35 $129.56 $131.81 $134.95
*
0.7% 1.3% 1.3% 0.1% 0.5% 0.6% 1.0% -0.6% 1.7% 2.4%
$163.48 $164.31 $166.36 $167.80 $168.09 $168.07 $168.94 $170.26 $169.50 $172.36 $176.32
$37.05 $37.41 $37.69
0.6% 1.0% 0.7%
$37.57 -0.3% $37.97 $38.88 $39.00
1.1% 2.4% 0.3%
$38.73 -0.7% $38.98 $40.09
0.6% 2.8%
$52.23 $53.00 $53.77 $54.29 $54.17 $54.70 $56.16 $56.67 $56.45 $57.18 $58.87
*
1.5% 1.5% 1.0% -0.2% 1.0% 2.7% 0.9% -0.4% 1.3% 3.0%
$80.95 $82.08 $83.11 $84.21 $84.28 $85.14 $87.23 $88.24 $87.77 $88.68 $91.17
Change *
1.4% 1.3% 1.3% 0.1% 1.0% 2.5% 1.2% -0.5% 1.0% 2.8%
$107.34 $108.31 $109.52 $110.75 $110.82 $111.71 $113.39 $114.48 $114.29 $115.70 $118.34
*
0.9% 1.1% 1.1% 0.1% 0.8% 1.5% 1.0% -0.2% 1.2% 2.3%
$45.99 $46.54 $46.94
0.1% 1.2% 0.9%
$63.81 $64.41 $65.01 $65.79 $65.32 $65.97 $66.51 $66.78 $65.93 $66.63 $68.54
$102.45 $102.52 $103.33 $104.79 $104.55 $105.00 $105.64 $106.46 $105.07 $106.58 $109.66
*
0.1% 0.8% 1.4% -0.2% 0.4% 0.6% 0.8% -1.3% 1.4% 2.9%
$133.83 $133.87 $134.90 $136.44 $136.25 $137.00 $137.65 $138.12 $136.03 $138.28 $141.65
Change *
0.0% 0.8% 1.1% -0.1% 0.6% 0.5% 0.3% -1.5% 1.7% 2.4%
$161.85 $161.58 $163.62 $165.55 $166.04 $167.03 $169.00 $169.48 $167.72 $170.06 $174.12
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 *
*
-0.2% 1.3% 1.2% 0.3% 0.6% 1.2% 0.3% -1.0% 1.4% 2.4%
Source: © 2014 REIS, INC.
Change
$129.70 $130.08 $131.18 $131.76 $132.21 $133.64 $136.92 $137.87 $137.34 $138.43 $142.14
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% 0.8% 0.4% 0.3% 1.1% 2.5% 0.7% -0.4% 0.8% 2.7%
Source: © 2014 REIS, INC.
Change *
0.5% 1.2% 0.9% 0.2% 0.0% 0.5% 0.8% -0.4% 1.7% 2.3%
$199.96 $201.94 $204.61 $205.43 $206.48 $207.27 $209.79 $211.00 $210.07 $213.19 $218.09
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 *
*
1.0% 1.3% 0.4% 0.5% 0.4% 1.2% 0.6% -0.4% 1.5% 2.3%
Source: © 2014 REIS, INC. 2015 Self-Storage Almanac 51
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