Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Marcus & Millichap Releases Cold Storage Property Research Report

BusinessWire_EN 
0 0 03.05.24
Marcus & Millichap Releases Cold Storage Property Research Report: https://mms.businesswire.com/media/20201123006309/en/682345/5/MM_logo_288_300_whitebg.jpg
 

Marcus & Millichap (NYSE:MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today its 2024 Cold Storage Special Report, which highlights the strategic advantages of investing in cold storage properties.

“A rapid rise in online grocery sales has spurred demand for temperature-controlled storage facilities,” said Alan L. Pontius, national director of Marcus Millichap’s Office Industrial division. “From 2019 to 2023, share of total online grocery store spending grew 470 basis points to an all-time high of over 16%. Heightened demand for online delivery and pickup options for food has grocers, restaurant food service providers, and mass market retailers expanding their operational footprints and increasing their capacities for perishable item storage.”

Key research points:

  • Cold storage spaces are an important link in the flow of climate-sensitive goods, including food and pharmaceuticals.
  • As online grocery spending has yet to reach its full potential, demand for cold storage space is projected to increase.
  • Population migration is a cold storage space demand driver as prominent household relocation destinations are often far from agricultural production centers.
  • Cold storage space plays a vital role in the exportation of agricultural products internationally, which heightens demand for climate-controlled storage space near points of entry and in key U.S. ports.

Access Marcus Millichap’s 2024 Cold Storage Special Report here.

About Marcus Millichap, Inc. (NYSE: MMI)

Marcus Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2023, the company had 1,783 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus Millichap closed 7,546 transactions in 2023, with a sales volume of approximately $43.6 billion. For additional information, please visit www.MarcusMillichap.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240503414717/en/

Marcus & Millichap Inc Stock

€29.20
-2.670%
We can see a decrease in the price for Marcus & Millichap Inc. Compared to yesterday it has lost -€0.800 (-2.670%).

Show more
Like: 0
Share
BusinessWire_EN 
Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire for secure and accurate distribution of market-moving news and multimedia.

Legal notice

Comments

Not a member yet? Sign up for free!