Section 9 • Occupancy


percent respectively, climbing back up to a new high of 92.8 percent for the second quarter. Surpassing last year’s numbers by 1.6 percent, this is the highest occupancy seen since prior to 1987.





 





2011 Q4 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2013 Q1 2013 Q2 2013 Q3 2013 Q4 2014 Q1 2014 Q2 2014 Q3 2014 Q4 2015 Q1 2015 Q2 2015 Q3 2015 Q4 2016 Q1 2016 Q2 2016 Q3 2016 Q4 2017 Q1 2017 Q2





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% 89.6% 88.8% 89.1% 91.2% 92.2% 90.7% 90.3% 92.8%


Sources: 2017 Self-Storage Almanac and Union Realtime


Regional Occupancy Table 9.3 looks at


regional occupancy


across the U.S. for the second quarter of 2017. As a comparison, Tables 9.4a and 9.4b show the historical regional from the 2017 Almanac based on quarterly numbers, while Chart 9.2 compares Q2 occupancy from 2016 to 2017.


It is important to note the REIS data in


the past was reported in slightly different regional breakdowns than those tradition- ally reported in the Almanac. All new data and any data going forward from Union Realtime will be reported in the Almanac’s regional breakdown as seen on page 24 of Methodology.


  


Midwest (East North Central) Midwest (West North Central) Northeast (Middle Atlantic) Northeast (New England) South (East South Central) South (West South Central) West (Mountain) West (Pacific) National


* 2nd Quarter 2017


 90.6%


92.3% 91.9% 91.0% 91.5% 89.9% 91.9% 93.6% 92.8%


Source: Union Realtime As seen in Table 9.3, the Pacific


subregion of the West had the highest oc- cupancy at 93.6 percent. This is an uptick from the second quarter of 2016, when occupancy sat at 92 percent, as seen in Chart 9.2. This uptick puts the Pacific oc- cupancy rates at the highest level of the


Surpassing last year’s numbers by 1.6 percent,


this is the highest occupancy seen since prior to 1987.


years charted in Table 9.4b. In addition, it is higher than the national average of 92.8. The West’s Mountain subregion ranked lower in regional occupancy at 91.9 percent.


The West North Central subregion of


the Midwest ranked second highest in regional occupancy at 92.3 percent. This is a 2.3 percent increase over the aver- age Midwest occupancy for the second quarter of 2016. The East North Central subregion ranked lower at 90.6 percent.


Ranking third for occupancy is the


Middle Atlantic subregion of the North- east and the Mountain West subregion, both at 91.9 percent. For the Middle Atlantic, this is an in- crease from an occupancy rate of 90.5 in the second quarter of 2016. Furthermore, the New England subregion occupancy sat at 91 percent for Q2 2017.


While occupancy in the


East South Central subregion of the South was reported at 91.5 percent, the West South Central subregion showed the lowest regional occu- pancy at 89.9 percent—still a positive number for optimum occupancy.


104 Self-Storage Almanac 2018


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32  |  Page 33  |  Page 34  |  Page 35  |  Page 36  |  Page 37  |  Page 38  |  Page 39  |  Page 40  |  Page 41  |  Page 42  |  Page 43  |  Page 44  |  Page 45  |  Page 46  |  Page 47  |  Page 48  |  Page 49  |  Page 50  |  Page 51  |  Page 52  |  Page 53  |  Page 54  |  Page 55  |  Page 56  |  Page 57  |  Page 58  |  Page 59  |  Page 60  |  Page 61  |  Page 62  |  Page 63  |  Page 64  |  Page 65  |  Page 66  |  Page 67  |  Page 68  |  Page 69  |  Page 70  |  Page 71  |  Page 72  |  Page 73  |  Page 74  |  Page 75  |  Page 76  |  Page 77  |  Page 78  |  Page 79  |  Page 80  |  Page 81  |  Page 82  |  Page 83  |  Page 84  |  Page 85  |  Page 86  |  Page 87  |  Page 88  |  Page 89  |  Page 90  |  Page 91  |  Page 92  |  Page 93  |  Page 94  |  Page 95  |  Page 96  |  Page 97  |  Page 98  |  Page 99  |  Page 100  |  Page 101  |  Page 102  |  Page 103  |  Page 104  |  Page 105  |  Page 106  |  Page 107  |  Page 108  |  Page 109  |  Page 110  |  Page 111  |  Page 112  |  Page 113  |  Page 114  |  Page 115  |  Page 116  |  Page 117  |  Page 118  |  Page 119  |  Page 120  |  Page 121  |  Page 122  |  Page 123  |  Page 124  |  Page 125  |  Page 126  |  Page 127  |  Page 128  |  Page 129  |  Page 130  |  Page 131  |  Page 132  |  Page 133  |  Page 134  |  Page 135  |  Page 136  |  Page 137  |  Page 138  |  Page 139  |  Page 140  |  Page 141  |  Page 142  |  Page 143  |  Page 144  |  Page 145  |  Page 146  |  Page 147  |  Page 148  |  Page 149  |  Page 150  |  Page 151  |  Page 152  |  Page 153  |  Page 154  |  Page 155  |  Page 156  |  Page 157  |  Page 158  |  Page 159  |  Page 160  |  Page 161  |  Page 162  |  Page 163  |  Page 164  |  Page 165  |  Page 166  |  Page 167  |  Page 168  |  Page 169  |  Page 170  |  Page 171  |  Page 172  |  Page 173  |  Page 174  |  Page 175  |  Page 176  |  Page 177  |  Page 178  |  Page 179  |  Page 180