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Cold storage crunch eases as vacancy rates hit 20-year high and supply dries up
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Cold storage crunch eases as vacancy rates hit 20-year high and supply dries up
Vacancy rates in the cold storage sector are at historically high rates. The development pipeline for new facilities is at a record low, which suggests a bright future beyond the current pain. This week Vertical Cold Storage acquired a refrigerated warehouse in Dothan, Alabama from Dothan Warehouse for an undisclosed sum. It is the second temperature-controlled facility that Vertical has bought in the town in two years. While the first warehouse…
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