Data Centers: Ain’t No Mountain High Enough

This report was produced by CBRE IM, a member of IPFA.
The data center industry is entering the next transformative stage in its lifecycle, propelled by the AI surge and abundant capital from eager investors. Distinct ecosystems are taking shape around different use cases (colocation, wholesale and cloud/AI) and new players are vying for market position. Current data center valuations are elevated, which understandably raises investor concerns regarding projected capacity growth and the credibility of the underlying business case.
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