Section 4 • Occupancy In the Northeast region, quarterly occupancy rates showed
a similar trend and peaked during the second quarter of the year in 2012, 2013 and 2014. This region also posted slight de- clines in average occupancy rates during Q1 2012, Q4 2012, Q3 2013 and Q4 2013. By the close of the second quar- ter of 2014, the region’s average oc- cupancy rate had risen to 89.8 percent. Over
Table 4.4 – Physical Occupancy by Region
Region Occupancy Midwest 89.8%
Northeast 89.8% South Atlantic
88.3%
Southwest 90.1% West 88.7% National 89.1%
Based on Second Quarter Survey Results
Change in Occupancy
2.7% 2.2% 2.4% 2.4% 2.6% 2.5%
Source: © 2014 REIS, INC. the
past 11 quar- ters, the re- gion’s overall
Table 4.5 – Physical Occupancy Trends Midwest Region
Region Year Midwest 2011
Midwest 2012 Midwest 2012 Midwest 2012 Midwest 2012 Midwest 2013 Midwest 2013 Midwest 2013 Midwest 2013 Midwest 2014 Midwest 2014
Quarter 4
1 2 3 4 1 2 3 4 1 2
Based on Second Quarter Survey Results * Data not available
Occupancy 82.3%
82.9% 85.6% 86.1% 85.3% 85.5% 88.3% 87.7% 86.8% 87.1% 89.8%
Change in Occupancy
*
0.6% 2.7% 0.5% -0.8% 0.2% 2.8% -0.6% -0.9% 0.3% 2.7%
Source: © 2014 REIS, INC.
average occupancy level has grown by a total of almost six percentage points. In the South Atlantic region, average self-storage occupancy
levels grew more than 3 percent between the first and second quarters of 2012, reaching an occupancy level of 83.8 percent. The following year, the region posted a 2.9 percent occupancy gain between Q1 and Q2 2013, bringing the region’s average oc- cupancy rate to 86.9 percent. Looking at the current year, the re- gion realized a significant increase in occupancy levels between the first and second quarters of 2014. During that time period, occupancy increased 2.4 percent, raising the area’s average occupancy rate to 88.3 percent. Moving to the West, occupancy rates in this region have re-
mained fairly level historically. The West reported its most sig- nificant gain of the past several years during the current quarter, growing 2.6 percent between the first and second quarters of 2014 to 88.7 percent. This occupancy growth is especially signifi- cant because it is preceded by three months of either negative
Table 4.7 – Physical Occupancy Trends South Atlantic Region
Region Year South Atlantic 2011
South Atlantic 2012 South Atlantic 2012 South Atlantic 2012 South Atlantic 2012 South Atlantic 2013 South Atlantic 2013 South Atlantic 2013 South Atlantic 2013 South Atlantic 2014 South Atlantic 2014
Quarter 4
1 2 3 4 1 2 3 4 1 2
Based on Second Quarter Survey Results * Data not available
Table 4.6 – Physical Occupancy Trends Northeast Region
Region Year Northeast 2011
Northeast 2012 Northeast 2012 Northeast 2012 Northeast 2012 Northeast 2013 Northeast 2013 Northeast 2013 Northeast 2013 Northeast 2014 Northeast 2014
Quarter 4
1 2 3 4 1 2 3 4 1 2
Based on Second Quarter Survey Results * Data not available
62 Self-Storage Almanac 2015
Occupancy 83.9%
83.4% 86.3% 86.5% 86.2% 86.7% 89.0% 88.6% 87.3% 87.6% 89.8%
Change in Occupancy
*
-0.5% 2.9% 0.2% -0.3% 0.5% 2.3% -0.4% -1.3% 0.3% 2.2%
Source: © 2014 REIS, INC.
Occupancy 80.4%
80.6% 83.8% 84.6% 83.7% 84.0% 86.9% 86.6% 85.8% 85.9% 88.3%
Change in Occupancy
*
0.2% 3.2% 0.8% -0.9% 0.3% 2.9% -0.3% -0.8% 0.1% 2.4%
Source: © 2014 REIS, INC.
Table 4.8 – Physical Occupancy Trends Southwest Region
Region Year Southwest 2011
Southwest 2012 Southwest 2012 Southwest 2012 Southwest 2012 Southwest 2013 Southwest 2013 Southwest 2013 Southwest 2013 Southwest 2014 Southwest 2014
Quarter 4
1 2 3 4 1 2 3 4 1 2
Based on Second Quarter Survey Results * Data not available
Occupancy 82.1%
83.1% 86.3% 87.1% 86.1% 86.5% 88.9% 88.7% 87.8% 87.7% 90.1%
Change in Occupancy
*
1.0% 3.2% 0.8% -1.0% 0.4% 2.4% -0.2% -0.9% -0.1% 2.4%
Source: © 2014 REIS, INC.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108 |
Page 109 |
Page 110 |
Page 111 |
Page 112 |
Page 113 |
Page 114 |
Page 115 |
Page 116 |
Page 117 |
Page 118 |
Page 119 |
Page 120 |
Page 121 |
Page 122 |
Page 123 |
Page 124 |
Page 125 |
Page 126 |
Page 127 |
Page 128 |
Page 129 |
Page 130 |
Page 131 |
Page 132
