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 million square feet of positive absorption in 2025, signaling that underlying demand is solid, according to a report from Newmark. The Thursday market report fr ...