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Fortune
Fortune
Sharon Goldman

AI data centers are reshaping the world’s largest commercial real estate company

(Credit: courtesy of CBRE)

CBRE, the world’s largest commercial real estate services firm, has long been associated with brokerage, facilities management, and investment sales. But the century-old company—founded in the aftermath of the devastating 1906 San Francisco earthquake—is now being reshaped by another kind of seismic event: the AI data center boom.

The rise of generative AI has triggered an unprecedented wave of data center construction as companies scramble to secure the computing power needed to train and run large AI models. As hyperscalers race to acquire land, power, and water for massive AI infrastructure projects, CBRE, which is headquartered in Dallas, has quietly become a key player behind the scenes.

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