The Urbis Storage Index monitors the performance of the Self Storage industry across three main categories; monthly revenue generated, storage area occupied in each facility, and overall average storage fee rates achieved in each facility.
A snapshot on the December 2013 results highlights the following results:
– The December 2013 quarter of the Urbis Storage Index marked the best quarter recorded since December 2009.
– All seven (7) Zones experienced increases in Area Occupied and Monthly Revenue over the December 2013 quarter. Six (6) of the seven (7) Zones (excluding Melbourne Inner Zone) experienced increases in the average achieved Storage Fee Rate.
– Notwithstanding a marginal decline in the average achieved Storage Fee Rate, the Melbourne Inner Zone was one (1) of two (2) Zones (the other being the Brisbane Outer Zone) to experience positive net absorption in Area Occupied in excess of 3% over the December 2013 quarter.
– The Sydney and Brisbane self storage markets have experienced increases in all three (3) indices over the twelve month period to December 2013.The combination of increases in average achieved Storage Fee Rate and Area Occupied have resulted in Monthly Revenue increases over 4% over the twelve month period to December 2013 for these markets.
The following graph shows the weighted average achieved Storage Fee Rate per square metre, average unit size and Area Occupied for the seven (7) Zones, as well as the East Coast of Australia and combined Australia and New Zealand averages as at 31 December 2013.
Urbis – Graph
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