CHICAGO—The economic recovery has brought many asset types back to health, but other changes in the economy, such as the rise of e-commerce, have also transformed certain sectors such as product distribution. Likewise, the cold storage industry is set to undergo big changes that could fuel its rise as an asset class of far greater interest to investors.
“It's a property type that people will want to be looking at going forward,” Nancy Hardy, a research analyst with Cushman & Wakefield, tells GlobeSt.com. Many people in the US have committed to eating healthier, and this change in habits means millions of consumers will want access to certain foods throughout the year, leading to a greater need for cold storage facilities.
There was a bit of a decline in this type of demand during the recession, Hardy adds, but the recovery has returned the demand to an upward curve, and “many companies are expanding product lines to include more healthy foods. It's a growth market and you're going to see more interest because of that.”
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
