Newmark Group is expanding its capital markets interest further into alternative CRE assets with its new Data Center and Digital Infrastructure practice group. That's not to be confused with the company's Data Center Consulting practice, which focuses on data center strategies, valuation and advisory, management, evaluation and performance.
"The data center market has experienced remarkable growth and insatiable demand, and with advancements in generative AI and ML, this growth is expected to surpass the current estimated projection of a 10% compound annual growth rate (CAGR) through 2030, propelling the sector even further," the company said.
In addition, data centers see high levels of obsolescence, as new technologies and equipment displace old ones and it may be easier to build a new facility than upgrade an existing one for compatibility.
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