Section 7 • Competitive Analysis


West Virginia Data shows rates have remained low in West Virginia over the last four quarters, with an average rate increase of 1 percent. Over the last year, the average monthly pricing volatility in the state of West Virginia was 4 percent, compared with an average of 10 percent across its principal cities.


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


Chart 7.17 – West Virginia Average Rate by Unit Type $134.88


$114.43 $106.57 $86.81 $75.99 $49.04 $47.21 $37.08


$128.25


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 7.19 – West Virginia Rental Rate Change by Unit Type 5x5


5x5


WEST VIRGINIA Rate % Change Rate % Change Rate % Change Rate % Change Q3 2015 Q2 2015 Q1 2015 Q4 2014


$48.76 2.4% $73.64 -6.5% $111.29 -5.0% $128.15 -13.0% $47.60 2.6% $78.41 2.1% $116.86 2.2% $144.85 7.3% $46.35 0.5% $76.77 2.1% $114.23 -1.0% $134.30 1.6% $46.14 -0.6% $75.16 -0.3% $115.35 -3.3% $132.22 -4.1%


CHARLESTON Q3 2015 Q2 2015 Q1 2015 Q4 2014


$54.89 1.1% $73.77 -3.4% $129.81 11.8% $135.49 -4.2% $54.27 -2.2% $76.31 -4.7% $114.48 -17.3% $141.16 -9.0% $55.45 0.3% $79.89 5.8% $134.24 7.3% $153.89 1.8% $55.31 1.0% $75.28 1.9% $124.39 1.3% $151.11 1.5%


PARKERSBURG Q3 2015 Q2 2015 Q1 2015 Q4 2014


$41.62 4.0% $76.62 2.2% $104.71 -0.2% $39.95 0.0% $74.95 $39.95 0.0%


* * Data Not Available


* *


$104.95 0.0% $104.95 0.0%


$39.95 0.0% $74.95 0.0% $104.95 0.0%


* * * *


* * * *


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 $36.78 -2.0% $49.20 -0.5% $71.41 -4.0% $86.35 -1.8% $108.89 1.0% $128.77 -4.2% $37.51 -1.4% $49.43 0.8% $74.25 -1.5% $87.88 0.9% $107.75 1.9% $134.14 6.6% $38.03 5.3% $49.01 1.0% $75.35 0.1% $87.06 1.3% $105.67 1.6% $125.32 0.4% $36.01 -1.3% $48.53 0.9% $75.27 -1.6% $85.93 -2.0% $103.96 -0.6% $124.77 -9.8%


$38.33 0.3% $58.36 -0.3% $83.72 1.7% $94.13 0.2% $106.28 -3.3% $125.56 -0.5% $38.20 -0.3% $58.54 -0.8% $82.32 -2.2% $93.98 -0.1% $109.83 -0.2% $126.22 1.0% $38.33 0.0% $59.00 0.0% $84.17 0.0% $94.12 0.9% $110.00 0.0% $125.00 0.0% $38.33 0.0% $59.00 -0.7% $84.17 -1.5% $93.27 -0.8% $110.00 -7.6% $125.00 -3.2%


* * * *


* * * *


$54.32 -2.0% $85.01 6.5% $108.70 25.5% $109.96 -9.1% $55.40 -2.6% $79.48 -19.5% $80.99 -29.6% $119.95 4.2% $56.85 5.3% $94.95 0.0% $104.95 0.0% $114.95 -2.3% $53.83 100.0% $94.95 100.0% $104.95 100.0% $117.62 100.0%


* * * *


* * * *


Source: Stortrack (365 Media)


92 Self-Storage Almanac 2016


Rental Rate


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