Section 7 • Competitive Analysis


North Dakota The largest increase in North Dakota has been in their 5-by-5 climate-controlled units, from an average of $54.92 in Q4 2014, to $73.14 in Q3 2015. Over the last year, the average monthly pricing volatility in the state of North Dakota was 6 percent, compared with an average of 10 percent across its principal cities.


Chart 7.13 – North Dakota Average Rate by Unit Type


$0.00 $20.00 $40.00 $60.00 $80.00 $100.00 $120.00 $140.00 $160.00 $180.00 $200.00


$164.58 $161.12


$128.22 $101.73 $91.20 $83.12 $64.26 $45.14 $60.76


$120.08


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


(Climate-Controlled) 5x5 5x5


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


Table 7.15 – North Dakota Rental Rate Change by Unit Type 5x5


5x5


NORTH DAKOTA Rate % Change Rate % Change Rate % Change Rate % Change Q3 2015 Q2 2015 Q1 2015 Q4 2014


$73.14 2.8% $99.36 2.6% $141.01 7.9% $178.27 3.1% $71.11 18.6% $96.79 11.6% $129.88 9.7% $172.83 12.1% $57.88 5.1% $85.59 3.0% $117.29 -6.3% $151.92 -2.2% $54.92 1.2% $83.06 -1.8% $124.70 -2.2% $155.32 1.7%


FARGO Q3 2015 Q2 2015 Q1 2015 Q4 2014


WEST FARGO Q3 2015 Q2 2015 Q1 2015 Q4 2014


$73.59 2.7% $100.22 0.7% $135.23 6.2% $182.51 11.0% $71.58 23.1% $99.55 11.6% $126.84 3.8% $162.42 3.8% $55.05 3.5% $88.03 -2.1% $122.01 -7.3% $156.31 -9.7% $53.12 -4.8% $89.88 2.8% $130.90 -2.1% $171.45 2.6%


*


$69.00 * *


* Data Not Available


* * * *


$70.00 -41.4% $119.69 -0.1% $148.00 -48.0% $99.00 * *


* * *


$119.83 *


* *


$110.00 0.0%


$219.00 40.6% $130.00 *


* *


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 $44.62 1.0% $64.30 2.7% $86.57 -1.6% $108.82 4.4% $124.20 1.3% $174.68 3.7% $44.17 -5.3% $62.57 4.4% $87.98 5.3% $104.05 3.3% $122.63 1.9% $168.26 5.5% $46.50 2.7% $59.83 5.8% $83.30 10.4% $100.62 7.1% $120.25 5.8% $159.06 10.4% $45.27 9.9% $56.34 -0.5% $74.63 -8.4% $93.45 -9.7% $113.25 -6.8% $142.49 2.6%


$49.32 -2.5% $63.29 3.5% $86.28 2.9% $109.15 4.4% $125.78 4.7% $169.03 12.1% $50.55 -3.3% $61.10 5.5% $83.80 4.7% $104.40 9.2% $119.90 6.6% $148.65 2.3% $52.20 4.9% $57.74 4.1% $79.84 3.4% $94.76 1.0% $112.00 2.6% $145.26 3.9% $49.64 14.1% $55.35 -1.3% $77.12 -6.5% $93.85 -8.4% $109.05 -5.9% $139.60 4.8%


$40.00 5.2% $68.42 11.4% $86.04 9.9% $103.58 11.9% $115.66 9.2% $155.00 9.9% $37.93 7.7% $60.66 2.6% $77.53 6.7% $91.30 1.4% $104.97 2.8% $139.59 3.3% $35.00 0.0% $59.09 -0.6% $72.32 -7.1% $90.00 2.0% $102.01 -1.1% $135.00 0.2% $35.00 100.0% $59.44 100.0% $77.42 100.0% $88.20 100.0% $103.17 100.0% $134.67 100.0%


Source: Stortrack (365 Media)


88 Self-Storage Almanac 2016


Rental Rate


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