Request for Data Centers Bright Point in the Commercial Property Market

Jones Lang Lasalle-Jll said that demand is increasing in data centers with US companies that embrace artificial intelligence, creating a rare positive point in the commercial real estate market facing the large number of vacant offices. CEO Christian Olbic said in an interview with “Bloomberg” TV on Monday as “the hottest asset category at the moment”. He added: “If you believe in artificial intelligence, the demand for data centers will rise.” Access of artificial intelligence in the real estate field adds to the fingerprint of the US economy outside the agency and programs. Dominion Energy said last week that the developers of the North Virginia data centers request the equivalent of the energy produced by various nuclear reactors. Another public services company, ‘Exelon’, expected electricity consumption through data centers that depend on artificial intelligence in the Chicago region will increase by about 900%. Energy consumption said: “The problem is usually in the network, and whether you can access the electrical network. But otherwise people are very excited to enter this field, and that will be the opportunity during the next five to ten years.” Ulberic’s words came after JLL, in Chicago, announced the first quarter profits that exceeded the estimates of analysts. He saw that the credit for strengthening the profit margins during a period that was “minor weakness in the global rental markets” was due to improving efficiency. He said that the US office rental sector achieved 14%growth, and utilized the retirement of a smaller base in the past. He also saw that the logistics centers and multi -families also see well, while the buildings of the old “traditional” offices are having problems. “In fact, luxury real estate is good,” Ulbrich added. “It’s still a good performance. The rates of the best tabletop buildings in their class still rise all over the world despite the high vacancy, which is somewhat unusual. But we’ve seen it over the past 24 months.”