Quantum Computing Advances Signal Major Shift in Commercial Real Estate

What's Happening?

Quantum computing is rapidly advancing towards commercialization, prompting significant implications for the commercial real estate sector. Historically, quantum computers have been confined to academic and government facilities due to their limited practical applications. However, as the technology becomes commercially viable, there is an increasing demand for dedicated real estate to support its infrastructure. Companies such as Microsoft, IBM, Google, and Amazon are heavily investing in quantum computing, indicating a burgeoning industry that requires access to academic resources, infrastructure, and a skilled workforce. According to Andrew Batson, head of data center research at JLL, the commercialization of quantum computing is expected to mirror the transformative impact artificial intelligence had on the data center sector.

Why It's Important?

The commercialization of quantum computing represents a significant opportunity for the commercial real estate market, akin to the boom experienced with artificial intelligence. As quantum computing becomes more integrated into the private sector, there will be a substantial demand for specialized facilities, potentially leading to a real estate revolution. This shift could drive economic growth, create jobs, and foster innovation in technology hubs. The need for infrastructure to support quantum computing could also lead to increased collaboration between private companies and government entities, further accelerating technological advancements.

What's Next?

As quantum computing approaches a point of commercial utility, stakeholders in the real estate and technology sectors are likely to increase investments in infrastructure development. This could involve the construction of new data centers and research facilities tailored to the unique requirements of quantum computing. Additionally, there may be a push for public-private partnerships to support the industry's growth, ensuring that the necessary resources and workforce are available to sustain its expansion.