The Challenges of Meeting Cold Storage Demand

Art Rasmussen

California leads the country in cold storage supply with 16.5 million square feet, but it isn’t enough to fulfill demand. According to new research from CBRE, California is also among the states with the greatest demand for cold storage product. The national industrial cold storage industry currently accounts for 2% to 3% of the industrial market, but it needs an additional 100 million square feet of space by 2022 to keep pace with demand.

According to Art Rasmussen, SVP at CBRE, it is no surprise that California has such a large cold-storage market. “California has the largest economy in the US and is the most populated state in the country,” Rasmussen tells GlobeSt.com. “California’s economy also ranks as a fifth largest in the world. Its consistent population growth continues to drive demand for food production infrastructure and related cold storage warehousing.”