The rise of tower gardens
Urban farming will likely play a role in the repositioning of property types such as old manufacturing plants and defunct shopping centres. And Cushman & Wakefield says it expects urban farming and indoor cropping operators to be increasingly active in the property market.
Indoor cropping output doesn’t have as long of a journey to the end user as traditional methods, so transportation costs will be cut and retail prices lowered. The positive ecological impact of urban farming will also make the method popular with eco-conscious consumers.
C&W points small-scale innovations like tower gardens increasing yields per square foot. At Chicago’s O’Hare Airport, more than two-dozen existing tower gardens are currently providing lettuces, basil, cilantro, chives and other products for the dozens of airport-based restaurant operators, estimated to serve more than 10,000 people a day.