BY THE NUMBERS
CHICAGO—The growth of online grocery sales could result indemand for up to 35 million square feet of US cold-storage spaceshifting from retail stores to warehouses and distribution centerswithin the next seven years, according to a new report from CBRE. “The US market forwarehouses and distribution centers has been on a multiyear run,but there still are segments in the relatively early stages oftheir growth, like cold storage,” says DavidEgan, CBRE's global head of industrial and logisticsresearch. “As e-commerce expands further into the grocery business,the resulting growth of the food supply chain and demand for new,climate-controlled warehouse space could very well be the newopportunity that investors and developers have been seeking.”According to FMI/Nielsen, online grocery saleswill grow from 3% of all grocery sales in 2017 to 13% by 2024.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
