Originally published at: Cold storage trough in sight as vacancies hit 20-year high - FreightWaves
The U.S. cold storage market may be nearing the end of a downturn, which was triggered by a record surge in new facility construction and slowing consumer spending. As a result of pandemic-fueled overbuilding and declining food inventory trends, vacancy rates have climbed to a 20-year high. Despite these headwinds, the market recorded roughly 3.5…