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Category: Net Lease Retail Tags: Cold Storage, Distribution, Refrigeration, report, Thought Leadership

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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.

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