Cold storage facilities will continue to present a compelling long-term investment opportunity in Asia Pacific, supported by an ability to deliver resilient and stable returns and to generate higher rental rates than other asset classes. According to JLL, investment in Asia Pacific cold storage real estate will likely cross $2 billion between now and 2030 — compared to a $948 million high in 2021 — as investors look to diversify portfolios and take advantage of end-user demand for more specialized facilities.
Between today and 2030, JLL believes that numerous factors will drive an investment recovery in cold storage assets, where volumes have contracted from a 2021 high. Specifically, investors will be drawn to the greater stability of the sector compared to other asset classes, supported by evergreen demand for perishable goods like food and medicine housed in cold storage facilities. Additionally, attractive leasing covenants, whereby rents are typically higher than s
