Section 5 • Occupancy
The Southwest also saw a large jump in self-storage occupancy figures, with facilities in this area posting an average increase of 2.1 percent between the first and second quarters of the year.
The Northeast had the lowest quarterly rise in occupancy in the nation. Owners and operators in this region saw their
Table 5.4a – Historical Occupancy by Region (Midwest, Northeast and South Atlantic Regions)
Region Year Midwest 2011
Quarter 4
Midwest 2012 1 Midwest 2012 2 Midwest 2012 3 Midwest 2012 4 Midwest 2013 1 Midwest 2013 2 Midwest 2013 3 Midwest 2013 4 Midwest 2014 1 Midwest 2014 2 Midwest 2014 3 Midwest 2014 4 Midwest 2015 1 Midwest 2015 2
Northeast 2011 Northeast 2012 Northeast 2012 Northeast 2012 Northeast 2012 Northeast 2013 Northeast 2013 Northeast 2013 Northeast 2013 Northeast 2014 Northeast 2014 Northeast 2014 Northeast 2014 Northeast 2015 Northeast 2015
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 South Atlantic 2014 South Atlantic 2014 South Atlantic 2015 South Atlantic 2015
* Data not available 62 Self-Storage Almanac 2016
4 1 2 3 4 1 2 3 4 1 2 3 4 1 2
4 1 2 3 4 1 2 3 4 1 2 3 4 1 2
Occupancy Rate
82.4% 83.0% 85.6% 86.1% 85.3% 85.5% 88.2% 87.5% 86.6% 87.0% 89.5% 88.8% 87.8% 87.8% 89.7%
84.0% 83.5% 86.3% 86.5% 86.2% 86.7% 89.0% 88.6% 87.4% 87.5% 89.7% 89.1% 87.9% 88.6% 90.3%
80.4% 80.6% 83.8% 84.6% 83.7% 84.0% 86.8% 86.6% 85.7% 85.8% 88.3% 88.0% 87.4% 87.7% 90.2%
Change in
Occupancy Rate *
0.6% 2.6% 0.5% -0.8% 0.2% 2.7% -0.7% -0.9% 0.4% 2.5% -0.7% -1.0% 0.0% 1.9%
*
-0.5% 2.8% 0.2% -0.3% 0.5% 2.3% -0.4% -1.2% 0.1% 2.2% -0.6% -1.2% 0.7% 1.7%
*
0.2% 3.2% 0.8% -0.9% 0.3% 2.8% -0.2% -0.9% 0.1% 2.5% -0.3% -0.6% 0.3% 2.5%
Source: © 2015 REIS, INC.
Region Year Southwest 2011
Southwest 2012 Southwest 2012 Southwest 2012 Southwest 2012 Southwest 2013 Southwest 2013 Southwest 2013 Southwest 2013 Southwest 2014 Southwest 2014 Southwest 2014 Southwest 2014 Southwest 2015 Southwest 2015
West 2011 West 2012 West 2012 West 2012 West 2012 West 2013 West 2013 West 2013 West 2013 West 2014 West 2014 West 2014 West 2014 West 2015 West 2015
National 2011
Quarter 4
1 2 3 4 1 2 3 4 1 2 3 4 1 2
4 1 2 3 4 1 2 3 4 1 2 3 4 1 2
4
National 2012 1 National 2012 2 National 2012 3 National 2012 4 National 2013 1 National 2013 2 National 2013 3 National 2013 4 National 2014 1 National 2014 2 National 2014 3 National 2014 4 National 2015 1 National 2015 2
* Data not available
occupancy rates increase approximately 1.7 percent over the current quarter. Also recording occupancy growth below 2 per- cent, storage businesses in the West saw average occupancy increases of 1.8 percent. Additionally, self-storage occupancy rates in the Midwest increased an average of 1.9 percent quarter- over-quarter.
Table 5.4b – Historical Occupancy by Region (Southwest, West and National Regions)
Occupancy Rate
82.1% 83.0% 86.2% 87.0% 86.1% 86.4% 88.9% 88.7% 87.7% 87.5% 89.9% 89.3% 88.6% 88.5% 90.6%
82.4% 82.6% 84.5% 85.6% 85.0% 85.2% 87.3% 86.8% 86.1% 86.2% 88.8% 88.7% 88.2% 88.5% 90.3%
82.1% 82.4% 85.0% 85.8% 85.0% 85.3% 87.8% 87.4% 86.5% 86.6% 89.1% 88.7% 88.0% 88.2% 90.2%
Change in
Occupancy Rate *
0.9% 3.2% 0.8% -0.9% 0.3% 2.5% -0.2% -1.0% -0.2% 2.4% -0.6% -0.7% -0.1% 2.1%
*
0.2% 1.9% 1.1% -0.6% 0.2% 2.1% -0.5% -0.7% 0.1% 2.6% -0.1% -0.5% 0.3% 1.8%
*
0.3% 2.6% 0.8% -0.8% 0.3% 2.5% -0.4% -0.9% 0.1% 2.5% -0.4% -0.7% 0.2% 2.0%
Source: © 2015 REIS, INC.
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