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 chemical needs, among others, and frequently require varying temperature […]
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 years. As 78% of cold storage facilities in the […]
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 East, held this week in Jersey City, New Jersey. […]
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 about 945,000 TEUs in 2020 – about 5.7 million […]
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 Beach, California, this week discussed opportunities for developing speculative […]
