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Jun 30, 2022 · Overall, online penetration of total grocery sales reached almost 13% in 2021, up from just 3% in 2019. CBRE estimates the U.S. cold storage footprint to be approximately 225 million square feet, with a vacancy rate that mirrors the overall industrial sector at a historically tight 3.1%.
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Jul 7, 2019 · Just 3% of U.S. grocery spending occurs online, while 20% of footwear and 40% of electronics spending occurs online. The desire for online shopping is accelerating for both prepared meals...
Cold storage development is not for the faint of heart — it is complex, expensive and requires high-level expertise. This niche property type has been getting more attention due to the increasing demand for temperature-sensitive goods including online grocery orders, meal kits and pharmaceuticals.
May 21, 2021 · Cold storage requires equipment that can cost $250-$350 per sq. ft which is 2-3 times more expensive than a traditional warehouse. Refrigerated warehouses also cost more to operate. They consume an average of 24.9 kilowatt-hours (kWh) of electricity per square foot per year compared to 6.1 (kWh) of electricity per year of a non-refrigerated ...
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