Data centers have become a new favorite in commercial real estate. Newmark has estimated that the industry would double in size by 2030 to accommodate artificial intelligence applications.

However, the entry of Chinese AI startup DeepSeek has raised questions about the U.S. AI industry and the future of data centers.

The hype and money around generative AI are formidable. The revolution has taken markets quickly with companies and entire industries trying to outpace one another in using the technologies. OpenAI, creator of ChatGPT, had a reported post-investment valuation of $157 billion last fall. Last week, CNBC reported that the company was in talks for roughly $40 billion in new investment at a $340 billion valuation.

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