CubeSmart Investor Presentation Deck
High Quality Portfolio | Attractive Demand Profile | Positive Supply Trends | Premier NYC Operator
Lowest Supplied Self-Storage Markets.
NYC remains the lowest-supplied major market across the country
10.0
9.0
8.0
7.0
6.0
5.0
4.0
3.0
2.0
1.0
0.0
2.4
Queens
2.5
Brooklyn
2.4
Queens
3.2
Bronx
Market Square Feet Per Capita
NYC Boroughs vs. Top 12 MSAS
4.1
Boston
1. Source: 2023 Self-Storage Almanac & CUBE internal market research
4.3
Philadelphia
4.5
Washington, DC
4.7 4.8 4.7
Chicago
Los Angeles
1
11
6.2
San Francisco
Miami
6.9
Phoenix
7.2
Atlanta
8.8
Houston
9.1
Dallas
Low Supply
Supply per capita across the
three core outer boroughs is
less than half the national
average
Recent Deliveries
New development has
increased supply per capita
over the last five years by
28%, but overall supply levels
remain very low and the
supply-demand dynamic is
still very attractive
Future Outlook
Legislative changes over the
last seven years, primarily
the restrictions on self-
storage development in IBZ
industrial zones and the
exclusion from eligibility for
ICAP tax abatements, have
meaningfully increased the
barriers to entry
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