Irvine, CA, September 11, 2013 --(PR.com
)-- The Self Storage Industry Group of Cushman and Wakefield published the Self Storage Performance Quarterly with key metrics on rents, occupancy and operating trends in the Self Storage Sector. The results show growth continues in the operating statistics for this sector:
-Asking Rental Rates up 1.1% 2Q2013 versus 2Q 2012.
-Physical Occupancy up 2.6% 2Q2013 versus 2Q 2012.
-Rental Income up 4.1% 2Q2013 versus 2Q 2012.
“The rental income metric is very interesting,” said the author of the report R. Christian Sonne, Executive Managing Director, Cushman & Wakefield. Sonne explains “rental income is the actual income collected. These increases are robust and show great strength in the sector.”
The SSPQ is published quarterly and covers the self storage sector nationally and the top 50 MSA’s in the US. The 61 page report includes new construction trends in self storage, cost and use of concessions, as well as operating data. The report can be found at InsideSelfStorage.com, the distributor of the report.
R. Christian Sonne, MAI, MRICS
Executive Managing Director, Self Storage Industry Group
Valuation & Advisory
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