Section 5 • Occupancy


Table 5.7 – South Atlantic Region Occupancy Trends


Year Quarter Occupancy


2011 4 80.4% 2012 1 80.6% 2012 2 83.8% 2012 3 84.6% 2012 4 83.7% 2013 1 84.0% 2013 2 86.8% 2013 3 86.6% 2013 4 85.7% 2014 1 85.8% 2014 2 88.3% 2014 3 88.0% 2014 4 87.4% 2015 1 87.7% 2015 2 90.2%


* Data not available


Change in Occupancy


*


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.


Table 5.8 – Southwest Region Occupancy Trends


Year Quarter Occupancy


2011 4 82.1% 2012 1 83.0% 2012 2 86.2% 2012 3 87.0% 2012 4 86.1% 2013 1 86.4% 2013 2 88.9% 2013 3 88.7% 2013 4 87.7% 2014 1 87.5% 2014 2 89.9% 2014 3 89.3% 2014 4 88.6% 2015 1 88.5% 2015 2 90.6%


* Data not available


Change in Occupancy


*


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%


Source: © 2015 REIS, INC. Chart 5.6 – South Atlantic Vs. National Occupancy


74.0% 76.0% 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0%


4Q 2011 1Q 2012 2Q 2012 South Atlantic 3Q 2012 4Q 2012 National 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 Source: © 2015 REIS, INC. In the Southwestern region, self-storage


properties in this area have enjoyed signifi- cant occupancy gains over the past several years. Between the fourth quarter 2011 and the fourth quarter 2014, occupancy rates in this region improved by 6.5 percent. In 2013, self-storage occupancy rates in the Southwest grew 1.3 percent. Over the course of 2012, occupancy rates improved 1.9 percent. In 2013, self-storage occupancy increased 1.9 percent and rates grew 1.0 percent during the year 2014 in the region.


In the Southwestern


region, self-storage properties in this area have enjoyed significant occupancy gains over the past several years. Between the fourth quarter 2011 and the fourth


quarter 2014, occupancy


rates in this region improved by 7.9 percent.


Chart 5.7 – Southwest Vs. National Occupancy


76.0% 78.0% 80.0% 82.0% 84.0% 86.0% 88.0% 90.0% 92.0%


4Q 2011 1Q 2012 2Q 2012 Southwest 3Q 2012 4Q 2012 National 64 Self-Storage Almanac 2016 1Q 2013 2Q 2013 3Q 2013 4Q 2013 1Q 2014 2Q 2014 3Q 2014 4Q 2014 1Q 2015 2Q 2015 Source: © 2015 REIS, INC. Owners and operators in the West


reported similar trends in self-storage occupancy. In this region, occupancy rates gained 5.8 percent between 4Q 2011 and 4Q 2014. In 2012, occupan- cy rates in the West grew 2.4 percent. Occupancy increased at a slightly slow- er pace during the years that followed. Self-storage professionals in the West saw average occupancy rates grow a total of 0.9 percent in 2013 and 2.0 percent in 2014.


Impact Of Facility Size Looking at the data by facility size in Table 5.10 reveals that occupancy rates are relatively uniform at storage stores of all sizes. On average, self-storage


continued to rent up. Average occupancy figures gained 1.7 percent in 2013 and 1.9 percent in 2014 at self-storage stores in this area of the country.


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