Building speculative space in traditional industrial warehousing has been a long-standing market segment, but it’s relatively new in the cold storage world and both real estate developers and design-build companies are positioning to take advantage.

“I will tell you that the amount of interest from developers and other investors – even developers that were in something other than industrial real estate – [they] see the allure of cold storage and want to get in and build spec freezer/cooler buildings,” said David Sours, senior vice president for CBRE Food Facilities Group, part of commercial real estate giant CBRE, during a fireside chat Friday during the FreightWaves Cold Chain Summit.

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