Data center boom is putting more homes near facilities

The increasing demand for data storage and processing is driving a boom in data center construction, and this trend is having a significant impact on the housing market. As data centers sprout up in various locations, more homes are being sold in close proximity to these facilities. According to recent data, the share of home sales within five miles of a data center with at least 50 megawatts of capacity has more than doubled since 2018.

This trend matters because it can have both positive and negative effects on local communities. On the one hand, data centers can bring in new revenue and create jobs, which can boost local economies. On the other hand, they can also increase noise pollution, traffic, and strain on local infrastructure. For homeowners, living near a data center may impact property values, and potentially affect resale prospects. The real estate industry should take note of this trend, as it may influence housing demand and supply in areas with data center growth.

As the demand for data storage and processing continues to grow, we can expect to see more data centers being built, and subsequently, more homes being sold near these facilities. What to watch next is how local governments and urban planners respond to the challenges and opportunities presented by data center growth. Will they be able to balance economic development with community concerns, and how will the real estate industry adapt to this new landscape?

Originally reported by housingwire.com. ASIDNews adds analysis for real estate & property readers.