CBRE Predicts Big Rise in Demand for Industrial Cold Storage
Source：Taiwan Trade Center New York
From：Taiwan Trade Center New York
Update Time：2020/05/03
The coronavirus pandemic is expected to result in a sharp rise in demand for industrial cold storage space in the U.S., according to a new report from CBRE Group, Inc.
The report predicts that an additional 75 million to 100 million square feet of industrial freezer and cooler space will be needed to meet demand generated by online grocery sales over the next five years.
"The COVID-19 pandemic will likely accelerate this need for space, creating five long-term impacts for the cold-storage sector," CBRE said. They include an increase in grocery purchases through e-commerce, consolidation of public refrigerated warehouse companies, more space being set aside for storage and fulfillment within retail footprints, a shift by restaurants from dine-in to more delivery and takeout, and a greater reliance on automation, "prompting higher-density, greater-height and smaller-footprint buildouts that will be required for around-the-clock operations."
“Until recently, consumers were not ordering a lot of perishables online, but that will likely change in a post-COVID-19 environment,” said Matthew Walaszek, associate director of industrial and logistics research for CBRE. “Now, we are seeing consumers trend toward buying foods online such as frozen meats and poultry. To meet this new demand, we will need more temperature-controlled space.”