Real estate’s new center of gravity: Data centers

John Vavas discusses how the rapid expansion of AI-driven data centers is reshaping commercial real estate, drawing unprecedented levels of capital to digital infrastructure while transforming investment priorities across the industry. He notes that although data centers continue to attract significant equity and debt financing, the broader real estate market still has ample capital available for other asset classes, suggesting the sector's growth is not crowding out investment elsewhere. Vavas emphasizes that the strong visibility of demand and long-term investment outlook for data centers make them an attractive asset class, even as investors remain mindful of evolving technology and market risks.