Landlords in urban areas such as Chicago and Berlin are repurposing vacant buildings into data centers to meet the growing demand for artificial intelligence infrastructure. Bloomberg posted on X, highlighting this trend as a new business model for property owners facing high vacancy rates.
As AI technologies continue to expand, the need for data processing and storage facilities has surged. This shift provides landlords with an opportunity to capitalize on unused spaces, transforming them into profitable ventures. The conversion of these buildings into data centers not only addresses the demand for AI support but also offers a solution to the challenges posed by empty commercial properties.
The trend is gaining traction as more landlords recognize the potential of data centers to generate revenue. By adapting to the evolving technological landscape, property owners are finding innovative ways to utilize their assets effectively. This approach not only benefits landlords but also contributes to the broader economic landscape by supporting the infrastructure necessary for AI advancements.
JinseFinance
Cointelegraph