There is a good deal of competition for planning and constructing data centers in recent months. The trend is more likely to increase than to decline as more municipalities see the need to serve their residents.
However, as the below linked article shows, there are plenty of residents that do not want a data center nearby, fearing they will suck up needed energy, utilities, and infrastructure and potentially harm their standard of living.
Virginia is currently a hotbed for such data centers, and residents are going to politicians about putting a stop to it. Chances are the politicians will listen to thousands of voters ahead of a private company looking to increase its profits.
Why is this important to real estate professionals and investors?
Plenty of research, planning, design, and logistics go into creating a new data center. Several professions are involved ranging from real estate to IT to high finance and more. However, nowhere in the initial research and planning does it include the possibility that local residents that would be impacted could speak up and potentially prevent the entire project from becoming a reality. Hours of time and thousands of dollars could be at risk.
It's why preliminary research and planning needs to include all possibilities.
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