JLL Says AI Demand Turns Data Centers Into ‘Hottest Asset Class’

Jones Lang LaSalle Inc.’s chief executive officer said demand is soaring for data centers as corporate America embraces artificial intelligence, creating a rare bright spot in a commercial-property market faced with rising office vacancies.

“It’s the hottest asset class at the moment,” CEO Christian Ulbrich said Monday in a Bloomberg Television interview. “When you believe in AI, the demand for data centers will only go up.”

WATCH: JLL Global CEO Christian Ulbrich discusses the commercial real estate company’s first-quarter earnings beat and the state of the property market with Katie Greifeld on Bloomberg Television.

Source: Bloomberg

An AI spin on real estate adds to the technology’s emerging footprint in the US economy beyond the hardware and software industries. Utility company Dominion Energy Inc. said last week ...