“More than 70% of all storage facilities in the U.S. were built before 2000, with the average facility more than 40 years old,” she said. “Older facilities lack the taller ceilings and the wider column spacing that allow for increased inventory and more efficient operations.”
Cold storage warehouses are more expensive to build than regular warehouses. Ripple also noted that Agile faces higher than usual site work costs given the property’s previous use as a storage area and scrap yard for the steel mill.
