While industrial property has been arguably the most dynamic commercial real estate segment of the past five-plus years, the past year or so has made it clear that industrial market momentum has slowed somewhat. While industrial performance as a whole may have eased back from its giddy pandemic-fueled heights, one specialized industrial sector is starting to garner more attention: cold storage. As part of a diversified portfolio of commercial real estate assets, cold storage is presenting intriguing investment opportunities that have investors and developers paying attention and buying in.
The growing interest and investment in cold storage as an alternative industrial asset class has been neither random nor sudden. The steady and organic increase in cold storage is the result of underlying demand drivers, specifically evolving consumer preferences and the (ongoing) rise of ecommerce grocery sales. Consumers continue to prioritize fresher and healthier food options, demonstra
