$JLL Jones Lang LaSalle Tape Reports
Per Ticker.id: $JLL Jones Lang LaSalle Tape Reports — 5 podcast mentions across 1 podcast (30 days), latest 2026-07-30 16:10 UTC.
Yeah. To, to build on that, the, if you look at according to Jones Lang LaSalle, the, the total the sort of North American data center construction phase right now that's underway is about $1 trillion. Um, that largely excludes what the, the tenants are gonna— the hyperscalers that are invest in that space. So it's a pretty significant investment. As I mentioned, the whole Institutional Core Real Estate Index is $280 billion. So like there's 3x all of the core real estate owned by institutions is under construction or in planning in data centers. So when we look at it, I think the absorption of that, of all that development, probably takes longer than people think it will. And it's going to require public markets, private infrastructure funds, some real estate funds. Although if you look at the institutional core real estate funds, they don't really have much exposure to data centers for the reasons I, I described.
Josh Pristow — Monetary Matters with Jack Farley · The Real Estate Cycle Is Turning | Josh Pristaw on The New Cycle in Real Estate, Opportunity in Senior Living, Why AI Data Centers Are Too B · 2026-07-04Yeah, so I was alluding to something slightly different, but I think the— but what you're talking about is, you know, I'll go back to the demand for the computing power, the, the sort of the tenant need, and ultimately the consumer need is self-evident, right? Like, more and more people are adopting these AI tools. It's creating demand for more data center space. But like, building and delivering these things is essentially like, you know, that is that is not a futuristic expertise, like, uh, exercise. That requires municipalities approving it. It requires utilities building power lines and water and sewer. And you're seeing increasingly some local communities object to the size and scale of these facilities in their communities and slow down the construction of that. But also you have basic supply chain needs. You, you have work challenges where there's simply like more demand for labor in certain places. There's more demand for different components that go into building these facilities that in the supply chain is having a hard time keeping up with the demand for it. Now, my comment was a slightly different one, which is the ability for, I would say, the institutional investment world to absorb the finished product once it's done, I think will take longer than people expect in their business plans. So if you, if you take a step back, I described this sort of Jones Lang LaSalle study that talks about $1 trillion under construction. Blackstone recently launched a successful externally managed listed vehicle to take advantage of this buying opportunity. I think they raised $2 billion. So that's 2— and that's the biggest one and the only one of its kind. So the biggest and the most successful, you know, global private equity firm raised a couple billion dollars, which is very, you know, impressive. But that's 2% of what's under construction today. So the ability for vehicles to absorb and buy all this stuff will take longer than everyone's business plans. Because, you know, in order to generate a 20% plus return, most of these business plans assume you buy the land, you lease it to a hyperscaler, you build it, and then you sell it to someone. I think it will— that, that sale process will take longer than people thought because there's not enough. You're—
Josh Pristow — Monetary Matters with Jack Farley · The Real Estate Cycle Is Turning | Josh Pristaw on The New Cycle in Real Estate, Opportunity in Senior Living, Why AI Data Centers Are Too B · 2026-07-04