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Cold storage demand is growing throughout the US. The market has already hit historic heights in the last year, and it is poised for continued growth. Currently, facilities are running at maximum capacity, and companies are looking to expand into emerging markets, like Utah.

“This growth is due to growing demand for pharmaceutical goods in countries such as China, Brazil and India,” Wick Udy, SVP of JLL’s Salt Lake City office. “This has caused U.S. pharmaceutical companies to rely on refrigerated storage facilities to store their goods before they are exported. Utah plays a key part in the transfer of consumer goods and raw materials throughout the United States. Three major interstates—I-15, I -80, and I-70—connect in the state and access in all directions and are readily available. Movement of consumer goods and raw materials is able to reach the west coast in a one-day to two-day delivery time.”

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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