Area Development: Cold Storage: The Next Big Thing in Industrial Real Estate

23 Sep 2024

News

If you’re in the food manufacturing business, you’ve probably been hearing a lot about cold storage over the last few years. It’s not just a trend. Cold storage is rapidly becoming a critical component of the industrial real estate landscape. The pandemic has only accelerated this shift, highlighting the essential role of temperature-controlled facilities in our supply chains.

Market Trends and Statistics
Let’s kick things off with some numbers. In Q3 2023, we saw a whopping 6.5 million square feet of cold storage space under construction. That’s massive for a niche sector! But here’s the kicker: even with all that development, cold storage still makes up only 1.7% of the entire industrial market. Translation? There’s a whole lot of room for growth.

Click here to view the original article from Area Development.

More Topics

Cook County set to receive a substantial $1 million grant from DEED

Sep 20 2024

Cook County is set to receive a substantial $1 million grant from DEED, a significant boost for the community. This grant will be utilized for two key projects: development of a strategic plan for the transition of the former Taconite Harbor Energy Center located in Schroeder Township; and land acquisition,...

DEED: Minnesota Posts Largest Monthly Job Gain in Two Years

Sep 19 2024

Minnesota employers added 14,400 jobs in August, the largest monthly increase in jobs since July 2022, according to data from the Minnesota Department of Employment and Economic Development (DEED).Over the month, employment grew by 0.5% in Minnesota, far faster than the national rate of 0.1%. Minnesota's unemployment rate increased slightly...

DEED Awards $20.8 Million for Economic Development in Greater Minnesota

Sep 18 2024

The Minnesota Department of Employment and Economic Development (DEED) announced 31 cities, townships and counties across Greater Minnesota will receive nearly $21 million in Small Cities Development Program (SCDP) grants. The funding will be used for commercial and residential property rehabilitation, public facility improvements and other economic development projects."DEED's Small...

About Cooperative Electricity

Cooperative electricity isn’t profit-driven, it’s people-driven. As an electric cooperative member-owner, you have a voice and a vote in how your electric provider serves you and your business. When you’re a cooperative member, you’re not just a number on a bill, you’re a member of a community. And by working with Great River Energy, you will be part of a nationwide alliance made of more than 600 local, consumer-owned electric cooperatives in 46 states. Touchstone Energy co-ops deliver power and energy solutions to more than 40 million members every day.