Cold storage costs several times what dry industrial costs to build, and the spread between a well-scoped project and a poorly scoped one is wider still. This guide is the benchmark set we use internally when we budget a project at concept stage.
What is in it
- All-in cost per square foot by province
- Cost split by temperature zone: frozen, chill, and multi-temperature
- Refrigeration plant allowances by system type
- Site servicing and utility connection cost ranges
- Racking and fit-out allowances, including automation
- What drives a project to the top of the range rather than the bottom
Who it is for
Owners, developers, occupiers, and investors testing whether a cold storage project or acquisition works before committing professional fees to it. If you are further along than that, skip the download and call us and we will work through your actual numbers.
How to read it
Figures are drawn from active Canadian project data and are directional planning benchmarks, not appraisals. Actual costs vary substantially with site conditions, specification, and procurement timing.