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Cold storage demand eases as elevated supply pipeline moderates

Warehouse food inventories drop alongside shrinking frozen food trade flows
Dutch company NewCold built a 790,000-square-foot refrigerated warehouse in suburban Atlanta, one of the latest big development projects in an industrial sector that has attracted investor attention.
Dutch company NewCold built a 790,000-square-foot refrigerated warehouse in suburban Atlanta, one of the latest big development projects in an industrial sector that has attracted investor attention.
CoStar Analytics
December 17, 2025 | 6:23 P.M.

Following a surge in cold-storage construction in the past few years, the sector unexpectedly faces cooling demand as food inventories shrink and frozen food trade flows contract. While overall interest in cold-storage space has waned, demand has remained positive for newer properties as tenants migrate out from older stock.

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