In this episode of the Industrial Advisors podcast, hosts Bill Condon and Matt McGregor delve into the rapidly growing cold storage sector. They discuss the significant rise in demand for cold storage spaces, driven by changes in consumer demand for fresh foods and pharmaceuticals. Despite the high costs of infrastructure, cold storage rents are more than double compared to regular industrial buildings. The hosts highlight the lack of vacancy and the challenges in securing new cold storage spaces, suggesting the need for speculative development to meet market demands. They also examine the evolving nature of cold storage requirements and the increasing interest from investors, projecting continued growth in this niche market.
00:29 Welcome to Industrial Advisors Podcast
00:38 Current Market Demand and Vacancy
00:48 Specialized Cold Storage Teams
01:09 Local Market Challenges
01:41 Speculative Development Risks
03:10 Drivers of Cold Storage Demand
04:00 Speculative Development Trends
05:49 Conclusion and Future Outlook
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