Cbre Self Storage Report 2017

The top 5 self storage reit s led to a strong third quarter average revenue growth of 5 82 and average same store net operating income noi growth of 7 42 compared to the same period last year.

Cbre self storage report 2017.

Our national self storage valuation practice consists of more than 30 licensed appraisers who specialize in self storage valuation. Our trusted advisors are specialists in self storage with a strong track record of successfully guiding clients through every market cycle. Reits to remain steady. Q2 2017 self storage reit report all individual reit data obtained from 2nd quarter 10 q.

Real estate activity remains subdued because investors need more certainty about the sustainability of economic growth and occupiers need a safe way of returning workers to the workplace. Self storage cbre is the industry leading provider of valuation advisory services for real estate owners lenders investors and operators. In its self storage new construction report issued for the third quarter through its valuation advisory services division cbre estimates 947 new projects are scheduled this year compared. Even though these internal growth rates continue to.

For example atlanta austin denver and nashville were considered at equilibrium and will be over supplied after new construction is complete. To read the full detailed report on the performance of the 5 self storage reits click on the following link. Key observations five metros changed market condition. Last year and expects 953 new starts in 2017.

Reserves are not considered operating expenses but are calculated below the noi line to reflect. Cbre s self storage advisory group third quarter reit report. Cbre group inc a commercial real estate services and investment firm has released its self storage operating expense report for the first quarter of 2017 through its valuation advisory services division. In its market monitor report argus estimates 750 storage facilities were built in the u s.

Cbre self storage operating expense report q1 2017 key national observations self storage expenses averaged 5 25 per rentable square foot in the united states with an average expense ratio of 35 20 applied to effective gross income. The content is based on 2016 information from 681 facilities comprising nearly 48. Cbre self storage new construction report q3 2017 the most comprehensive look at new self storage supply in the industry s history. Cbre self storage provides an integrated and streamlined execution leveraging global reach national relationships and local knowledge.