Once again, when it comes to real estate, Amazon seems prescient, planning to spend more on data centers and less on warehouses.
"We expect [technology] infrastructure to represent a bit more than half of our total capital investments in 2022," said CFO Brian Olsavsky during a recent earnings call. "We expect the fulfillment and transportation dollars spent on capital projects to be lower in 2022 versus the prior year."
A new analysis from Avison Young principal and head of industrial capital markets Erik Foster suggests that Amazon's increased interest in data centers, hardly recent even if reinvigorated, is about to get some company, as 5G and the digitization of apparently everything means all that data has to get processed and stored somewhere.
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