Cold is the hottest new real estate investment – CNBC

Cold is the hottest new real estate investment  CNBC

– Cold storage warehouses and distribution centers are suddenly in high demand, thanks to new food delivery services such as Peapod by Giant, Amazon Fresh and Blue Apron. – “It is very niche. About 2% or 3% of all goods on groceries are bought online, and we expect the space could explode to 13% over the next five years because of the penetration of the internet,” said Spencer Levy, senior economic advisor for CBRE research. – Much of the cold-storage sector’s growth is likely to occur in gateway markets such as Los Angeles and the New York City metropolitan area, as well as leading food-pr…

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