Report | Intelligent Investment
Shanghai Cold Storage: An Investor’s Guide
August 14, 2023 10 Minute Read
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- Shanghai boasts China’s highest disposable income per capita, total social retail sales, and foreign trade. Rapid growth in demand for food imports, chain restaurants, and supermarkets continue to drive requirements for investment-grade cold storage, with total stock reaching 1.04 million sq. m. as of end-2022, the highest of any city in China.
- Average rents for Shanghai investment-grade cold storage in 2022 stood at RMB 3.5 per day per sq. m.. Occupancy reached 92.1% in 2022, with Songjiang, Lingang and Fengxian the most popular and active submarkets.
- Occupier trends for cold storage facilities in Shanghai vary according to location, the presence of industrial clusters and surrounding infrastructure. With the positioning and design of cold storage facilities becoming more important than ever before, this report provides guidance for investors formulating cold storage investment strategies by analysing investment-grade cold storage supply and demand in Shanghai, paying particular attention to the Songjiang, Lingang and Fengxian submarkets.