The demand for online food and grocery delivery services skyrocketed in 2020 as consumers opted for online ordering to avoid crowded spaces like grocery stores. From 2019 to 2020, online grocery spending increased by 133 percent, according to 1010Data, a data analyst company. By 2025, online purchases will account for 21.5 percent of all grocery sales, a 60 percent increase compared to pre-pandemic levels. The increased demand for grocery services directly correlates to cold storage needs. This has resulted in the cold storage industry becoming one of the fastest-growing commercial real estate sectors.
12 May 2021
The Cold Storage Report
Category: Net Lease Retail
Tags: Cold Storage, Distribution, Refrigeration, report, Thought Leadership
Recent Articles
Recent Media & Thought Leadership
7/26/2024
Multifamily Market Report | East Oakland, CA
East Oakland Multifamily Market Report Market Overview Supply pressures in...
7/23/2024
The Matthews Podcast – How Matthews Stands Out
How Matthews Stands Out: NYC Growth & Outlook Episode #25:...
7/18/2024
What's Shaping Tomorrow's Shopping Centers
Shopping Center Trends in Placemaking & Merchandising Finding balance between...
7/18/2024
Hospitality Market Report | Nashville, TN
Nashville Hospitality Market Report Market Overview Nashville is a favored...
7/18/2024
Ways to Maximize NOI For Your Multifamily Investment
Strategies to Boost the NOI of Your Multifamily Property In...
7/17/2024
Multifamily Development Report | Fort Collins, CO
Fort Collins Multifamily Development Report Fort Collins by the Numbers...
7/17/2024
Hospitality Market Report | North & South Carolina
North & South Carolina Hotel Market Report Charlotte, NC Market...
7/12/2024
What Grocery Mergers Mean for Retail
Kroger-Albertsons: What Grocery Mergers Mean for Retail The grocery merger...
7/10/2024
The History and Workings of NYC Rent Regulation
Rent Regulation: The History and Workings in NYC As the...