Data Centers: An Emerging Real Estate Asset Class

Real Estate Development Thesis

Surya Pulickal

Jesse Keenan, advisor

The unprecedented growth in the computer, software and internet businesses in the last two decades has created the need to house large banks of computing and data storage modules in centralized locations for the purpose of data security and backup. This resulted in the creation of a rather obscure and interesting real estate asset class called Data Centers. The growth in IT as a service, popularity of internet based social media and the increasing number of devices connected to the internet ensures the growth in Data Center market in the future. This was an attempt to understand the dynamics of the Data Center real estate business as it is now and what it will evolve to in the future.