CBRE report presents a bright future for cold storage warehouse growth

Entitled “Cold Storage Space: One Size Does Not Fit All,” the report cited a projection from the Food Marketing Institute and Nielsen that there could be demand for up to 100 million square-feet of industrial real estate space over the next five years, with online grocery ordering expected to account for 13% of total grocery sales by 2022, marking a 3% gain from 2018. This level of growth, the report explained, would be the equivalent of another $100 billion in annual online grocery sales.
Source: logistics Mgmt