NAIOP's Developing Magazine Features Article by Michael Delaney on Cold Storage Investment

NAIOP’s Developing Magazine published an article by Corporate partner Michael Delaney, “Cold Storage Investment: The Case for Temperature‑Controlled Real Estate.” The piece, published in the Summer 2026 issue, examines why temperature‑controlled warehousing has evolved from a niche property type into a core component of the modern industrial real estate landscape.

The article highlights the powerful demand drivers behind cold storage growth — including e‑commerce, online grocery, and pharmaceutical innovation — and explains how supply constraints, high barriers to entry, and CPI‑linked leases are creating durable, inflation‑resilient investment opportunities. Delaney also explores the financial profile, development complexity, and risk considerations investors must navigate to succeed in this specialized asset class.

As Delaney notes in the article:

“Cold storage has shifted from a niche to a core pillar of the industrial ecosystem. In the process, temperature‑controlled warehousing is transforming into one of the most compelling strategic investment opportunities in the modern real estate landscape. In a yield‑starved environment, this specialized asset class combines resilience with strong growth potential and offers a natural hedge against inflation.”

The full article is available here.