July 12, 2019
Texas has the fourth-highest inventory of cold-storage real estate in the United States, according to a recent report released by CBRE. The report: “2019 U.S. Food on Demand Series: Cold Storage Logistics Unpacked,” noted that the Lone Star State contains 231.4 million cubic feet of space, with experts believing that demand for the space will continue to grow.
“In Texas, we saw more pallet positions added to capacity in the last year than we’ve ever seen in recent history,” said CBRE’s David Sours. “This tracks back to population growth, as well as more investment in material-handling technologies for automation purposes.”
Cold-storage space in Dallas and Houston serves the state, as well as adjacent states. The current and predicted demand can be attributed to factors including continued population growth, a strong economy, and consumption zone covering a large geographic area.
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