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Speculative Cold Storage Projects Poised for Rebound Amid Rising Demand

Currently, build-to-suit projects dominate the market.

By Kristen Smithberg | March 18, 2025 at 04:49 AM

Cold storage supply currently outpaces demand, and built-to-suit opportunities are driving most construction projects, but as existing inventory is leased and demand grows for modern convertible and multi-zoned temperature facilities, speculative cold storage projects will likely rebound, according to a Colliers report.

The overall cold storage market is expected to reach a value of $427 billion by 2030, an 18.1% compound annual growth rate (CAGR) from its current global value of $159.7 billion, according to Colliers. The market benefits from several emerging trends including health-conscious consumers driving demand for frozen foods with gut-friendly ingredients, increasing interest in restaurant-quality meals for dining at home and the growing popularity of global flavors.

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