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37
Same Store Facilities
Operating Trends by Market
(Continued)
Year Ended December 31,
Year Ended December 31,
2014
2013
Change
2013
2012
Change
REVPAF:
Los Angeles
$
19.23
$
18.24
5.4%
$
18.24
$
17.30
5.4%
San Francisco
20.39
19.04
7.1%
19.04
17.93
6.2%
New York
21.28
20.57
3.5%
20.57
19.26
6.8%
Chicago
13.40
12.78
4.9%
12.78
12.14
5.3%
Washington DC
19.20
18.88
1.7%
18.88
18.27
3.3%
Seattle-Tacoma
15.03
14.06
6.9%
14.06
13.23
6.3%
Miami
17.03
15.97
6.6%
15.97
15.10
5.8%
Dallas-Ft. Worth
11.00
10.30
6.8%
10.30
9.68
6.4%
Houston
11.52
10.66
8.1%
10.66
9.90
7.7%
Atlanta
10.15
9.52
6.6%
9.52
9.12
4.4%
Philadelphia
13.07
12.45
5.0%
12.45
12.09
3.0%
Denver
13.67
12.54
9.0%
12.54
11.61
8.0%
Minneapolis-St. Paul
12.16
11.43
6.4%
11.43
10.56
8.2%
Portland
14.32
13.36
7.2%
13.36
12.67
5.4%
Orlando-Daytona
10.70
10.21
4.8%
10.21
9.78
4.4%
All other markets
11.16
10.62
5.1%
10.62
10.12
4.9%
Total REVPAF
$
13.94
$
13.21
5.5%
$
13.21
$
12.52
5.5%
We believe that our geographic diversification and scale provide some insulation from localized
economic effects and add to the stability of our cash flows. It is difficult to predict localized trends in
short-term self-storage demand and operating results. Over the long run, we believe that markets that
experience population growth, high employment, and otherwise exhibit economic strength and consistency
will outperform markets that do not exhibit these characteristics.
Non Same Store Facilities
The Non Same Store Facilities at December 31, 2014 represent 256 facilities that were not
stabilized with respect to occupancies or rental rates since January 1, 2012, or that we did not own as of
January 1, 2012. As a result of the stabilization process and timing of when the facilities were acquired,
year-over-year changes can be significant.
The following table summarizes operating data with respect to the Non Same Store Facilities: