California is the biggest user of cold storage in the U.S., with over 16.5 million square feet of cold storage space according to the Los Angeles Times, and the ports of Los Angeles and Long Beach have more than doubled their refrigerated container capacity in recent […]
Read More
The need for cold storage facilities has exploded as e-commerce sales and grocery delivery demands multiplied during the last few years. Most cold storage facilities primarily handle food preparation or transit as products move toward consumers, but they can also be used for pharmaceutical, floral and […]
Read More
The years leading up to the pandemic were hot for cold storage. It only promises to grow going forward. With the cold storage vacancy rate around 4%, over 100 million square feet of cold storage space will be built in the U.S. in the next five […]
Read More
With demand for cold storage expanding, so too is the need for these warehouses to be smaller, closer and colder. A panel of cold storage experts led a discussion the critical factors to consider when developing speculative cold storage buildings, closing out day one of I.CON […]
Read More
South Florida is a major hub for logistics operations thanks to its proximity to busy ports. In 2020, PortMiami loaded about 1.1 million TEUs (20-foot equivalent units, 20-foot-long cargo containers). That represented a total of 9.7 million tons of cargo. Port Everglades in Fort Lauderdale handled […]
Read More
Within the thriving industrial real estate sector, the cold storage class of warehouses has attracted investor and developer attention as demand continues to grow for food and pharmaceutical delivery. Is the era of speculative cold storage upon us? A panel at NAIOP’s I.CON West in Long […]
Read More
As we enter a new calendar year, the pandemic continues to impact real estate in multiple ways. For some real estate sectors, the pandemic seems to have only caused a temporary disruption, while for others, it appears to have accelerated preexisting conditions. But even within those […]
Read More
In a recent keynote at the CORFAC International Virtual Fall Summit, Curtis Spencer, president of IMS Worldwide, discussed the rapidly evolving trends that are affecting all sectors of commercial real estate, including supply chain shifts, increasing demand for cold storage, reshoring and more. “New supply of […]
Read More
A recent CBRE report suggested that an additional 75 million to 100 million square feet of industrial freezer/cooler space will be needed to meet the demand generated by online grocery sales in the next five years. At I.CON Virtual 2020, Cory Singer, vice president of business […]
Read More
Empty grocery shelves. Shuttered meat processing facilities. Overbooked grocery delivery services. The COVID-19 crisis pushed our food supply system to its limit. The critical behind-the-scenes component holding it together: cold storage. Cold storage is the infrastructure and real estate subsector consisting of large refrigerated warehouses. These […]
Read More