Expansion Space Tight for Food Facilities

As members of Colliers Food Advisory Services Group, we track regional facilities suitable for that use. Here is some info on our local area’s commercial space for food and beverage distribution.
· Out of 121.5 million square feet of industrial properties in Hillsborough and Polk, only 14% comprise commercial space that is suitable for food and beverage manufacturing, processing, warehousing and distribution.
· This number is further reduced by the need for specialized space, e.g., dry, chilled, frozen. Especially low vacancy in this segment has led to some stiff competition for existing space.
· This is leading many companies to consider retrofit, build to suit and/or sale leaseback options.

For specific property information on market inventory, existing property, would-be developers of specialized facilities, or suitable build to suit land, call us.