Competitive Analysis • Section 7


Nebraska Nebraska saw the highest rate hikes for most of their climate-controlled units during Q3 2015, averaging a 50 percent increase from the previous quarter. Over the last year, the average monthly pricing volatility in the state of Nebraska was 7 percent, compared with an average of 8 percent across its principal cities.


Chart 7.10 – Nebraska Average Rate by Unit Type $600.00 $500.00 $400.00 $300.00 $218.51 $200.00 $100.00 $36.94 $0.00


Non-Climate- Controlled 5x5


Climate- Controlled 5x5


Non-Climate- Controlled 5x10


Q3 2015


Climate- Controlled 5x10


Q2 2015


Non-Climate- Controlled 10x10


Climate- Controlled 10x10


Q1 2015


Non-Climate- Controlled 10x15


Q4 2014


Climate- Controlled 10x15


Non-Climate- Controlled 10x20


Average Rate


Non-Climate- Controlled 10x30


$74.10 $48.31 $51.22 $76.37 $149.65 $105.50 $92.96 $143.05


(Climate-Controlled) 5x5 5x5


5x10 5x10 10x10 10x10 10x15 10x15


$48.25 10.3% $71.93 9.0% $104.58 3.9% $133.75 3.2% $43.27 -2.7% $65.43 -4.1% $100.51 -1.2% $129.49 0.5% $44.45 -1.3% $68.10 2.9% $101.75 0.4% $128.84 5.9% $45.01 5.5% $66.13 -4.4% $101.37 -0.6% $121.22 -0.1%


$46.44 5.2% $71.16 5.0% $105.38 3.6% $136.47 1.8% $44.02 0.6% $67.60 -2.8% $101.59 -1.9% $133.99 2.5% $43.77 -7.2% $69.51 2.1% $103.53 -2.2% $130.68 2.6% $46.92 18.3% $68.03 -3.9% $105.79 1.4% $127.22 7.3%


$54.75 18.6% $71.39 8.8% $105.25 5.7% $139.75 8.3% $44.54 -2.3% $65.08 -2.6% $99.25 -1.3% $128.18 -0.9% $45.55 4.5% $66.74 -0.1% $100.50 -0.3% $129.36 4.8% $43.50 -10.0% $66.81 -11.5% $100.79 -1.5% $123.20 -7.1%


Table 7.12 – Nebraska Rental Rate Change by Unit Type 5x5


5x5


NEBRASKA Rate % Change Rate % Change Rate % Change Rate % Change Q3 2015 Q2 2015 Q1 2015 Q4 2014


OMAHA Q3 2015 Q2 2015 Q1 2015 Q4 2014


LINCOLN Q3 2015 Q2 2015 Q1 2015 Q4 2014


* Data Not Available 5x10


(Non-Climate-Controlled) 5x10 10x10 10x10 10x15 10x15 10x20 10x20 10x30 10x30


Rate % Change Rate % Change Rate % Change Rate % Change Rate % Change Rate % Change $37.00 -0.3% $51.44 1.1% $76.28 -0.4% $95.82 5.8% $114.00 5.3% $144.48 2.9% $37.10 -1.6% $50.85 -2.5% $76.61 -0.3% $90.25 -3.0% $107.92 5.0% $140.30 -4.8% $37.70 4.6% $52.14 3.2% $76.84 1.4% $92.95 0.2% $102.52 4.9% $147.07 4.6% $35.96 8.5% $50.47 -1.5% $75.76 -2.2% $92.80 3.8% $97.55 1.4% $140.36 -4.1%


$37.98 6.1% $53.28 4.1% $77.87 3.5% $95.70 6.1% $123.52 12.4% $140.35 3.5% $35.66 -5.5% $51.08 -1.3% $75.18 -2.4% $89.82 -6.9% $108.19 3.2% $135.45 -10.7% $37.62 9.5% $51.74 4.7% $76.95 -3.2% $96.04 -4.1% $104.70 4.9% $149.98 1.4% $34.04 10.7% $49.33 -1.5% $79.41 -0.3% $100.00 3.9% $99.62 0.0% $147.90 -3.2%


$31.27 -17.6% $53.23 1.6% $77.74 -1.0% $98.71 6.3% $107.43 -2.8% $152.21 4.5% $36.77 -4.1% $52.38 -8.8% $78.52 -7.5% $92.52 -8.7% $110.40 -1.9% $145.30 -5.2% $38.27 0.5% $56.99 -3.3% $84.44 0.1% $100.58 -0.1% $112.55 0.9% $152.87 2.0% $38.09 100.0% $58.89 100.0% $84.38 100.0% $100.64 100.0% $111.52 100.0% $149.86 100.0%


Source: Stortrack (365 Media)


2016 Self-Storage Almanac


85


Rental Rate


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