In the second quarter of 2020, the effective rate of self-storage space from Public Storage Inc was 17.10 U.S. dollars, down from 17.45 U.S. dollars in the same quarter in 2019. Many REITs delayed rate increases for existing tenants and offered discounted rates for new customers due to the economic slowdown caused by the COVID-19 pandemic. This reduction led to lower year-over-year rental income.
Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate
(in U.S. dollars)
Characteristic
Q2 2019
Q2 2020
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Cushman & Wakefield. (August 28, 2020). Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate (in U.S. dollars) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/
Cushman & Wakefield. "Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate (in U.S. dollars)." Chart. August 28, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/
Cushman & Wakefield. (2020). Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate (in U.S. dollars). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/
Cushman & Wakefield. "Leading Self-storage Reits in The United States in 2nd Quarter 2019 and 2nd Quarter 2020, by Effective Rate (in U.S. Dollars)." Statista, Statista Inc., 28 Aug 2020, https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/
Cushman & Wakefield, Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate (in U.S. dollars) Statista, https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/ (last visited July 22, 2024)
Leading self-storage REITs in the United States in 2nd quarter 2019 and 2nd quarter 2020, by effective rate (in U.S. dollars) [Graph], Cushman & Wakefield, August 28, 2020. [Online]. Available: https://www.statista.com/statistics/1174231/self-storage-reits-effective-rate-usa/