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.
More Topics
When Frito-Lay introduced a compostable bag for its Sun Chips brand more than a decade ago, it represented over four years of development, encompassing material and scientific research as well as manufacturing and production. While the sound of those bags led to a marketing miss for such a groundbreaking achievement,...
E-commerce success stories typically start the same way — with an idea. But making that idea a reality is another story altogether. Whether you’re researching website builders or brushing up on e-commerce strategies, there’s a lot to learn, and it can feel like opening Pandora’s box.Fortunately, there are tools available...
West Virginia Oktoberfests near you in 2024
Sep 20 2024Oktoberfest season is officially underway in West Virginia. This year there’s a good mixture of brewery events and public fairs, so here is a list of fests you can check out in the north central West Virginia area and beyond.Turn & Fall Fest – Oct. 19-20Time: TBAPlace: Short Story Brewing...