This month’s moves
Which unit sizes get an increase this month, and which sitting tenants get one?
Recommended moves
7 up · 3 down
5 held, of 15 unit types across 3 sites
Three cuts. A sheet that only ever points up is a ratchet.
Physical occupancy
85.1%
1,566 of 1,840 units across 4 sites
Which on its own justifies nothing — see the column beside it.
Sizes at or above 95%
4
every one of them let its last vacancy in two weeks or less — 3 are climate controlled
Occupancy and speed agreeing is the only case that is straightforward.
Why occupancy never appears on its own
Ninety-four percent is the number that gets a rate raised, and it is the number that is wrong by itself. A size sits at ninety-four because demand is strong, or because nineteen units never turn over and one has been empty since spring. Those are opposite situations and they produce the same figure.
So every row carries two more things: how long the last vacancy took to let, and what the last five people actually paid. The Ringgold 10 × 20 is the case in point — seventy-one percent, eleven weeks, and not one of the last five paid the published rate. The recommendation there is a cut of ten dollars, which is not a concession. It is publishing the rate we have already been taking.
Reading the “last five paid” column
Each dot is one move-in and the upright rule is the proposed rate. A proposal sitting to the right of every dot is a rate nobody has yet agreed to pay — sometimes right, always worth saying out loud. Each row is scaled to its own range, because a 5 × 10 and a 10 × 20 do not share an axis; the dollar range is printed underneath.
Ooltewah — not on this sheet
In lease-up. Opening rates are a lease-up decision, not a yield one, and nothing here moves until the site holds 80% for two consecutive months.
234 units · 54.7% occupied · opened June 2026
The sheet · street rates, new lettings only
| Size | Occupied | Last vacancy | Last five paid | Published | Proposed | Because |
|---|---|---|---|---|---|---|
| Ringgold RoadEast Ridge · 612 units · 88.9% occupied · 79.4% economic | ||||||
| 5 × 10Drive-up · 148 units | 95.3%7 empty | 11 days | $69–$75 | $72 | $78+$6 | RaiseTwo of the last five paid above the published rate and the last vacancy went in ten days. The street rate is behind the market rather than setting it. |
| 10 × 10Drive-up · 176 units | 92.0%14 empty | 3 weeks | $104–$115 | $109 | $115+$6 | RaiseThree weeks to fill is comfortable rather than tight, but the last let went at 115 without a conversation about it. |
| 10 × 10Climate controlled · 92 units | 96.7%3 empty | 7 days | $139–$152 | $145 | $155+$10 | RaiseThree empty out of ninety-two and a week to fill the last one. Nobody has walked away from a climate unit at this site since March. |
| 10 × 15Drive-up · 124 units | 81.5%23 empty | 7 weeks | $145–$152 | $152 | $152 | HoldEighty-one percent full and seven weeks on the last vacancy. Nothing here supports a move in either direction. |
| 10 × 20Drive-up · 72 units | 70.8%21 empty | 11 weeks | $178–$189 | $195 | $185−$10 | CutTwenty-one empty, eleven weeks to fill, and not one of the last five paid the published rate. This is not a rate, it is a number to discount from. Publish what we are taking. |
| Hixson PikeHixson · 528 units · 90.9% occupied · 84.1% economic | ||||||
| 5 × 10Drive-up · 130 units | 90.8%12 empty | 3 weeks | $64–$69 | $67 | $67 | HoldA month ago this was a raise. The last two came in at the rate rather than above it, which is the signal to wait. |
| 10 × 10Drive-up · 152 units | 91.4%13 empty | 4 weeks | $99–$104 | $102 | $102 | HoldNinety-one percent and four weeks to fill. Flat. |
| 10 × 10Climate controlled · 84 units | 95.2%4 empty | 2 weeks | $132–$142 | $135 | $142+$7 | RaiseTwo weeks to fill and the last two both paid 142. Catching up rather than pushing. |
| 10 × 15Drive-up · 106 units | 90.6%10 empty | 4 weeks | $139–$145 | $142 | $145+$3 | RaiseA three-dollar move. Four weeks is not tight and this is the weakest case on the sheet — it is here to be argued with. |
| 10 × 20Drive-up · 56 units | 83.9%9 empty | 6 weeks | $169–$175 | $178 | $175−$3 | CutNobody has paid 178 here since April. |
| Rossville BoulevardChattanooga · 466 units · 88.8% occupied · 77.2% economic | ||||||
| 5 × 10Drive-up · 118 units | 94.9%6 empty | 2 weeks | $58–$64 | $61 | $65+$4 | RaiseTwo weeks to fill and the last two paid 64. |
| 10 × 10Drive-up · 138 units | 87.7%17 empty | 5 weeks | $89–$95 | $92 | $92 | HoldEighty-eight percent full is not a raise, whatever the last let did. |
| 10 × 10Climate controlled · 62 units | 98.4%1 empty | 7 days | $119–$132 | $125 | $135+$10 | RaiseOne empty unit on the whole row and every one of the last five paid at or above the published rate. The largest move on the sheet and the best evidenced. |
| 10 × 15Drive-up · 92 units | 85.9%13 empty | 5 weeks | $122–$128 | $128 | $128 | HoldHolding. Eighty-six percent and five weeks. |
| 10 × 20Drive-up · 56 units | 73.2%15 empty | 9 weeks | $149–$155 | $162 | $152−$10 | CutThe same story as Ringgold. Every move-in this quarter was a negotiation off a number nobody believes. Publish 152 and stop negotiating. |
These are published rates and they affect new lettings only. Nothing on this screen changes what a sitting tenant pays — that is a separate decision with its own rules, and it is on the sitting tenants screen.