Developers Flock to Cold Storage as Americans Stock Their Freezers [The New York Times]
Jones Lang LaSalle Incorporated (JLL)
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Source: The New York Times
Business|Developers Flock to Cold Storage as Americans Stock Their Freezershttps://www.nytimes.com//04/20/business/cold-storage-real-estate.htmlThe CoronavirusOutbreakmentContinue reading the main storySupported bySquare FeetCompanies are seeking to build, buy or invest in the sector, despite construction costs that are roughly triple that of an ordinary warehouse.Consumers filled their freezers with staples and indulgences in the pandemic, leading to increased demand for cold storage for last-mile dery.Credit...Amy Lombard for The New York TimesByMartha C. WhiteApril 20, ,9:00 a.m. ETAmericans have treated their freezers a bit like security blankets over the past year, stuffing them full of staples and indulgences, a consumer behavior pattern that has had ripple effects beyond the walls of their kitchens.Developers that focus on cold storage facilities say they are seeing growing interest from companies seeking to build, buy or invest in the sector, despite construction costs that ar
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