Data centers have become essential digital infrastructure for modern life, underpinning the global economy and providing the architecture for business and leisure applications. Furthermore, the development of AI and machine learning has sparked a new wave of demand, as these applications require colossal processing power.

Morgan Laughlin, managing director and global head of data center investments at PGIM Real Estate, believes that this has created an investment opportunity in data center development across key global markets more compelling than anything he has seen in his 35-plus year career.