Data center real estate is primed to boom after the pandemic forced lives online
• Data centers are primed to set growth records this year, according to a new report from commercial real estate company CBRE.
• Data center real estate investment trusts were the highest-performing REIT sector last year.
• Demand for data centers did fall back 11% last year to the second best year on record for leasing, according to CBRE.
March 9, 2021 | Diana Olick | CNBC
Data centers are primed to set growth records this year, according to a new report from commercial real estate company CBRE.
The buildings aren’t pretty. They’re big, boxy and nondescript. But they’re attractive real estate because they’re essential to how we live these days, housing the infrastructure that fuels everything from shopping online to working from home.
Growth in the data real estate sector is measured in power, not square footage, and demand is on the verge of booming, CBRE says.
