Supply Chain & Logistics
Cold Storage is Hot!
March 5, 2021
From the Baton Rogue office of NAI Latter & Blum:
"In the Fall 2020 edition of Commercial Real Estate Development Magazine, a NAIOP publication, Kate Lyle, Studio Manager, Industrial Cold and Food, with Ware Malcomb is quoted. According to Ms. Lyle, the demand for cold storage had been rising even before the COVID-19 pandemic. This trend will likely continue, according to a CBRE Report that 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. This 75-100 million square footage number can be deceiving. Most cold storage space is now calculated in cubic footage. In 2014 the average height for cold storage facilities was 30’-32’ clear span. By 2019, the new facilities had increased to a range of 40’-60’. New construction techniques and advanced warehouse racking systems have fueled this expansion in facility construction."
The Blum Brief
Experts Agree: CRE sectors are flourishing as Covid vaccination rates rise
Don’t just take it from us - experts around the country (and globe) are talking all about the unanticipated benefits commercial real estate (CRE) is experiencing as we work toward defeating Covid for good.
The Latest Commercial Real Estate News
Signup to receive alerts on new listings, investment topics, market updates and more.