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Art Rasmussen Art Rasmussen

Online grocery sales are driving demand for cold storage facilities near population centers. A recent report from CBRE estimates that the US potentially needs an additional 100 million square feet in cold storage to meet demand—and California is leading the nation with the largest supply. The state currently has nearly 400 million cubic feet of cold storage space.

“Demand for cold storage space in Southern California is driven by several factors—a primary one being the shift in consumer demand, especially among Millennials. Consumers’ demand for fresher, healthier and organic food options with rapid delivery solutions will continue to rise,” Art Rasmussen, Jr., SVP at CBRE, tells GlobeSt.com.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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