Few sectors of commercial real estate will undergo as great a transformation in the coming years as the cold storage industry. Driven by e-commerce’s impact on online grocery sales and consumers’ unpredictable shopping habits, modern distribution practices have been transformed. That’s why cold food and beverage processors must maximize order volumes and patterns, as well as speed of delivery and warehouse space like never before.
The growth of online grocery sales is fueling the expansion of cold storage warehouses across the United States, anticipating a demand for up to 100 million square feet of industrial cold storage space over the next five years, according to a report from CBRE, Los Angeles.