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Cold Storage: The Next Big Thing in Industrial Real Estate
30 Sep 2024
News
If you’re in the food manufacturing business, you’ve probably been hearing a lot about cold storage over the last few years. It’s not just a trend. Cold storage is rapidly becoming a critical component of the industrial real estate landscape. The pandemic has only accelerated this shift, highlighting the essential role of temperature-controlled facilities in our supply chains.
Market Trends and Statistics
Let’s kick things off with some numbers. In Q3 2023, we saw a whopping 6.5 million square feet of cold storage space under construction. That’s massive for a niche sector! But here’s the kicker: even with all that development, cold storage still makes up only 1.7% of the entire industrial market. Translation? There’s a whole lot of room for growth.
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