Data Centers Boost Commercial Real Estate | Charleston News

Data centers are reshaping local economies—but the impact isn’t uniform. While they’re booming in tech hubs like Northern Virginia and Silicon Valley, pushing median home prices to nearly $432K (vs. $174,500 elsewhere), they’re not a guaranteed boost for residential real estate. A quarter of agents see value gains, while 22% report drops—mostly tied to soaring energy and water costs. Residential electricity rates jumped 21% in data-heavy counties, outpacing the 16% rise elsewhere. Commercial real estate, however, is thriving: half of agents note higher values and demand, fueled by a 30% surge in leasing for support manufacturing. Yet challenges linger—power shortages and labor competition threaten sustained growth. The long-term effects? Still unfolding. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ec6015038109ac53