Cold storage trough in sight as vacancies hit 20-year high

What: Vacancies in the cold storage industry have reached a 20-year high, exceeding **3.5 million** square feet.
Why: A surge in new cold storage facilities and increased competition have led to the record-breaking vacancies.
Signal: This trend may signal a shift in the market, with some analysts predicting a slowdown in demand for cold storage space.
Target: Investors are targeting alternative uses for existing cold storage facilities, such as converting them into warehouses or distribution centers.
Risk: The oversupply of cold storage space poses a significant risk to companies that have invested heavily in new facilities, potentially leading to financial losses.