When the world seems built on digital and data, someone is going to need more data processing, and that means data centers. Amazon is signing up—no surprise given that all their businesses, including such profit drivers as online advertising and cloud computing services are driven by data.
Reports have been coming out that industrial owners and developers are partnering with experts to expand into data centers. And now a new study from CBRE Research says that in the first half of 2022, North America saw a surge leading to record demand in the property type.
"Demand for capacity more than tripled year-over-year in H1 2022 as companies continued to shift toward hybrid cloud environments in a post-pandemic world," the report read. "Although large hyperscalers [like Google, Meta, and Microsoft] remain the biggest users, the market has seen a resurgence in enterprise demand."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
