Data Centres: The Leading Questions

As artificial intelligence accelerates data creation and compute intensity, the data centre market is no longer driven by demand alone.

Power availability has become the defining constraint. At the same time, hyperscale operators are investing at unprecedented scale, reshaping delivery timelines, tenant concentration, and risk profiles across global markets.

But this shift raises some fundamental questions.

• Will power infrastructure expand quickly enough to support sustained AI-driven growth?
• Or will grid constraints and regulation increasingly limit where and how capacity can be delivered?
• How do power scarcity, alternative energy strategies, and tenant concentration alter development risk and underwriting assumptions?

And crucially, what does this mean for rental growth, vacancy pressures, income resilience and data centre capital values?