NewsPour 10.31.23
| Surge in Data Centers from AI Excitement over artificial intelligence is powering a boom. Developers are rushing to build hundreds of data centers, especially those with the high power and cooling systems that AI servers need. Blackstone, for one, has grown its data-center development pipeline to more than $15 billion from only $1 billion in two years. Tech giants such as Google, Microsoft and Amazon Web Services have leased more than 2.3 gigawatts of capacity in North America data centers this year. That already exceeds last year’s record level, according to datacenterHawk, a data, research and consulting firm. Overall, the industry has 15 gigawatts in new capacity in the planning stages for North America. That is enough to power about four million homes.News commentary on YouTube video here. China Bet it All on Real Estate. Now Its Economy Is Paying the Price. |
| News article YouTube video here. Rise of Multistory Warehouses Multistory warehouses were developed out of necessity in areas with high population density and lack of land. E-commerce is a driving force because it is necessary to reach many consumers in a short distance. In high-density urban areas developers turn to buying existing properties and converting them into multistory warehouses as raw land is scarce. San Francisco, Los Angeles, Boston, and Philadelphia are promising markets for future multistory and urban logistics projects due to population density and consumer demand. News commentary on YouTube video here. |