The shift to digital work and play from home, hastened by the pandemic, has wreaked havoc on commercial real estate. But experts say it has also generated one surprising bright spot for the industry: datacenters.
The growing reliance on cloud-based technology — and the big, blocky buildings that house its hardware—has created greater opportunities for developers and investors as businesses and consumers gobble up more data in a world that has become increasingly connected.
"Our houses are connected, our cars are connected, our streetlights and parking meters are connected, and every single one of those connections is passing data back and forth," said Sean O'Hara, president of the exchange-traded funds division at Pacer Financial, an investment advisory firm in Malvern, Pa.
And companies that provide data storage are preparing for even greater demand as new technologies like 5G and artificial intelligence become more widely used.
From The New York Times
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