Cbre Self Storage Report 2017

Cbre s self storage advisory group third quarter reit report.

Cbre self storage report 2017.

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. 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 four page report includes expense data on a national and regional basis across nine categories. Cbre self storage new construction report q3 2017 the most comprehensive look at new self storage supply in the industry s history.

Reits to remain steady. In its market monitor report argus estimates 750 storage facilities were built in the u s. Covid 19 remains front of mind for investors and occupiers despite the recovery in global economic activity that began in may. Even though these internal growth rates continue to.

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. Our national self storage valuation practice consists of more than 30 licensed appraisers who specialize in self storage valuation. 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 provides an integrated and streamlined execution leveraging global reach national relationships and local knowledge.

To read the full detailed report on the performance of the 5 self storage reits click on the following link. Our trusted advisors are specialists in self storage with a strong track record of successfully guiding clients through every market cycle. Self storage cbre is the industry leading provider of valuation advisory services for real estate owners lenders investors and operators. Reserves are not considered operating expenses but are calculated below the noi line to reflect.

Key observations five metros changed market condition. Q2 2017 self storage reit report all individual reit data obtained from 2nd quarter 10 q. The content is based on 2016 information from 681 facilities comprising nearly 48. For example atlanta austin denver and nashville were considered at equilibrium and will be over supplied after new construction is complete.