Section 3 • Rental Rates
units, which saw 0.9 percent and 0.8 percent decreases in rental rates in that time frame, respectively. Non-climate controlled 5-by-10 units had the greatest drop in rental rates with a 0.9 per- cent decrease; whereas, climate controlled 5-by-10 units expe- rienced a 1.3 percent decline from third quarter 2013 to fourth
Change Year
2011 Q4 $52.51 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
Table 3.10 – Northeast Rental Rates (Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $73.69 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available
Table 3.11 – South Atlantic Rental Rates (Climate Controlled Asking Rent) Change
Change Year
2011 Q4 $57.58 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2
* Data Not Available 52 Self-Storage Almanac 2015
$57.93 $58.71 $58.80
0.6% 1.3% 0.2%
$58.29 -0.9% $58.69 $59.41 $59.47
0.7% 1.2% 0.1%
$58.42 -1.8% $59.11 $61.05
1.2% 3.3%
$85.67 $86.31 $87.44 $87.63 $86.98 $87.60 $88.31 $88.84 $87.46 $88.70 $91.59
*
0.7% 1.3% 0.2% -0.7% 0.7% 0.8% 0.6% -1.6% 1.4% 3.3%
$137.48 $138.07 $139.67 $140.57 $140.32 $141.08 $142.47 $143.45 $141.56 $144.30 $148.95
Change *
0.4% 1.2% 0.6% -0.2% 0.5% 1.0% 0.7% -1.3% 1.9% 3.2%
$183.36 $182.98 $184.87 $186.20 $186.10 $187.12 $188.70 $189.53 $187.43 $191.23 $197.26
Change *
-0.2% 1.0% 0.7% -0.1% 0.5% 0.8% 0.4% -1.1% 2.0% 3.2%
$229.50 $230.82 $232.61 $234.51 $234.45 $236.57 $238.05 $239.25 $237.20 $241.96 $249.02
$109.00 *
$73.83 $74.50 $75.31 $75.50 $75.66 $76.57 $76.78
0.2% $109.72 0.9% 1.1% 0.3% 0.2% 1.2% 0.3%
$75.35 -1.9% $76.01 $78.52
0.9% 3.3% $120.32
$111.32 $112.62 $113.61 $113.53 $115.10 $116.02 $114.45 $116.01
0.7% 1.5% 1.2% 0.9% -0.1% 1.4% 0.8% -1.4% 1.4% 3.7%
$173.99 $174.65 $175.83 $176.18 $176.29 $177.04 $179.28 $181.55 $179.95 $182.82 $189.58
Change *
0.4% 0.7% 0.2% 0.1% 0.4% 1.3% 1.3% -0.9% 1.6% 3.7%
$229.31 $230.13 $231.66 $232.21 $233.73 $237.29 $238.54 $239.49 $237.39 $242.22 $249.81
$52.99 $54.15 $54.48
0.9% 2.2% 0.6%
$54.32 -0.3% $54.44 $55.73 $55.90
0.2% 2.4% 0.3%
$55.13 -1.4% $55.46 $57.34
0.6% 3.4%
quarter 2013. The decline in rates was in the middle of the spec- trum for both climate-controlled and non-climate controlled 10- by-10 units for that time period, with 1.1 percent and 0.8 percent declines, respectively. This overall decrease in rental rates from the third quarter of
Table 3.9 – Midwest Rental Rates (Climate Controlled Asking Rent) Change
Change
$79.99 $80.24 $81.53 $82.41 $81.87 $81.61 $83.44 $83.50 $82.12 $83.48 $86.34
*
0.3% 1.6% 1.1% -0.7% -0.3% 2.2% 0.1% -1.7% 1.7% 3.4%
$128.32 $129.35 $131.34 $133.53 $134.01 $133.91 $136.26 $138.17 $136.64 $138.87 $143.43
*
0.8% 1.5% 1.7% 0.4% -0.1% 1.8% 1.4% -1.1% 1.6% 3.3%
$165.39 $166.90 $170.12 $172.34 $173.31 $173.90 $176.18 $178.58 $179.08 $182.01 $187.62
Change *
0.9% 1.9% 1.3% 0.6% 0.3% 1.3% 1.4% 0.3% 1.6% 3.1%
$205.65 $207.29 $211.17 $212.50 $213.32 $212.95 $215.04 $217.92 $217.07 $220.25 $227.15
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% 1.9% 0.6% 0.4% -0.2% 1.0% 1.3% -0.4% 1.5% 3.1%
Source: © 2014 REIS, INC.
Change *
0.4% 0.7% 0.2% 0.7% 1.5% 0.5% 0.4% -0.9% 2.0% 3.1%
$285.42 $284.65 $287.52 $288.74 $290.87 $295.38 $296.18 $296.67 $293.00 $298.28 $307.53
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% 1.0% 0.4% 0.7% 1.6% 0.3% 0.2% -1.2% 1.8% 3.1%
Source: © 2014 REIS, INC.
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% 0.8% 0.8% 0.0% 0.9% 0.6% 0.5% -0.9% 2.0% 2.9%
Source: © 2014 REIS, INC.
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