Data Center Demand Offers Opportunity To Supply Energy To Housing
“These building types are so valuable to our modern lifestyles, they are being constructed at a pace that will see the amount of facilities more than double in the next 10 years,” said Zenon Radewych, principal at Toronto-based architecture firm WZMH Architects.
These days every company is being valued on the data that it captures from customers, even making some organizations’ data worth more than the company itself.
With that being said, most organizations are scrambling to create ways to capture that data and have it available to access anytime, which requires some hardware. That hardware can mean a data center, which has become a real estate boom.
Diana Olick, real estate correspondent at CNBC, reported that the remote work trend due to the pandemic is creating more demand for data, and supply grew by 5.9% in major data centers. In the same article, commercial real estate firm CBRE predicted that 2021 is going to be a record year for the growth in the data real estate sector, which is measured in power, not square footage.
The demand is predicted to continue to grow because of the increased use of internet of things devices, along with enhanced computing ability, self-driving cars, 5G technology, networking infrastructure and storage resources.
As data centers are currently built and designed, they don’t last as long as traditional buildings, with a lifespan of only 15 to 20 years. With growing demand, short lives and huge energy needs, data centers are a threat to the built environment’s positive environmental progress.