What type of cold storage occupiers need today may result in changes for builders of the facilities, the occupiers, corporate bottom lines, and ultimately consumers when they seek the once stored cold/frozen items on their grocery store shelves.

Why is this happening now? According to an interview between Colliers Capital Markets and Rick Kingery, senior vice president and leader of Colliers' Food & Beverage practice group, it's because of a typical reason: supply and demand. In this case, industrial vacancies are low and rents at such facilities are at record highs.

The second key question is what can occupiers do? In many cases when they realize that cold/frozen space in the size and configuration they want is unavailable in the exact location they favor, they can look for other choices, which may also influence builders of these facilities. Altogether, five key changes may take place in this niche that industry participants should be aware of:

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.