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Cold Storage’s Explosive Growth Hasn’t Removed Its Risk

cold-storage

The growth in the cold storage sector of industrial real estate over the past 12 months has been simply staggering.

Average rent for U.S. cold storage space increased about 15% from the first quarter through the end of last year, CoStar Group reports. Since 2017, rent in the sector has grown by 29%, easily outpacing the still-impressive 21% growth in industrial properties overall over that time period.

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Bridge, PGIM Acquire 20-Acre Site In South Florida To Develop 300,000+ SF Cold Storage Facility

BP Cold Logistics Rendering

Joint venture partners Bridge Development Partners, one of South Florida’s most active industrial real estate developers, and PGIM Real Estate, the global real estate investment and financing business of Prudential Financial, Inc., announced the acquisition of a 20.08-acre site strategically located at NW 162nd Street and NW 102nd Avenue in Hialeah.

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Trends That Will Redefine Industrial Architecture, Design

Distribution centers are among the fastest-growing class in the industrial sector, particularly due to e-commerce irreversibly impacting the way people shop.

The coronavirus crisis, coupled with consumer preference and demand for high-speed shipping service, has boosted demand for last-mile delivery. As a result, design flexibility has become of paramount importance.
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