Despite the ongoing economic slowdown and persistently high office vacancy rates, there are promising signs that the commercial property market is gearing up for a rebound.
The rapid expansion of the data centre sector, fuelled by the exponential growth of generative AI and cloud computing, is driving a noticeable surge in commercial real estate activity, both locally and globally. Major players in the industry, such as Equinix, Digital Realty, Blackstone, and Goodman Group, are ramping up their investments in this fast-growing sector, reflecting their widespread confidence in its potential.
13 June 2024
· 6 MIN READ
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