Every real estate cycle has a moment when denial gives way to math. For a long time, commercial real estate operated in a strange in-between state. Prices were no longer rising, transaction volume slowed, but sellers kept anchoring to yesterday’s valuations while buyers waited for clarity that never quite arrived. Deals stalled not because assets were fundamentally broken, but because the old reference points stopped working. What we are living through now is not a crash. It

For most of modern real estate history, value has been tied to people. Where they live, where they work, where they shop, where they gather. Even the most industrial assets—warehouses, logistics hubs, manufacturing plants—ultimately existed to serve human activity in physical space. Data centers break that logic. They exist primarily for machines. And not just any machines, but computational systems that now sit at the center of global economic activity. Artificial intelligen

A decade ago, real estate was still a relationship-driven business built on handshakes, site visits, and local connections. While those elements still matter, the industry’s center of gravity has shifted. Digital platforms, cloud-based tools, and data-driven workflows are no longer add-ons. They are becoming the default. From suburban retail spaces to mid-rise multifamily projects and light industrial assets, the way deals are being sourced, underwritten, marketed, and closed