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Real estate investors are dialing as private companies like SpaceX and Blue Origin develop reusable rockets and push forward with the desire to colonize the Moon and Mars. One of the biggest theatres is the Moon and Deep Space data center.
Hines, a global real estate investment, development and management company, recently announced the acquisition of Titusville Logistics Center, a Class A industrial property located near 250,000 square feet in Florida’s Space Coast Submarket. This property is fully leased to an aerospace tenant. This is just an example of investors looking to capitalize on the real estate needs boom in the space exploration sector.
Real estate companies like Hines and Ethos have already built space support infrastructure in real estate racing in space.
Spiritual provision
“As the industry is undergoing a real revolution and things get unlocked, companies are looking for ways to monetize their spaces more spaciously. There’s a lot of work in it.”
Steinbach points to both support both the infrastructure on the planet and the real estate development for the production of the moon. It may sound futuristic, but it’s already in progress.
“We are in the early days of something that will be some big investments and we are creating these new rails for the future, in this case it depends on the trajectory rather than on the ground, but when you think about it that way, think about every node that is developed and created.
Space Data Center
One of those rails is the data center. They are rising at a fast pace around the world, and at the same time sucking up more energy than most local grids can handle. Putting them in space provides a fully decarbonized energy solution.
“There’s unlimited power in space for the sun, there’s unlimited cooling with a vacuum of space, there’s unlimited real estate in terms of where you can put these things,” Steinbach said.
Jason Martz | Moment | Getty Images
Data centers are built on the moon and stored there or launched into space. Data is simply returned to Earth.
Several companies are already working on how to build the moon, including 3D printing. Icon, a Texas-based construction technology company, is working with NASA on developing 3D printing technology for the construction of the Moon and Mars. NASA provides support through its Small Business Innovation Research Program.
A California startup called Ethos also says that because the lunar-bearing cement technology is ready, there is technology to get out of the moon’s main material, the anorsosite.
“Ethos takes in the geological resources of the moon and turns them into constructable props,” said Ross Centre, the company’s CEO. “It’s a whole new world, waiting to be developed, and we’re developing it. We’re turning it into landing pads, roads, data center foundations, and more amazing things.”
The Center said that the spirit can use the anorsosite to create raw materials for solar panels, conductors and other materials needed to build data centers and other industrial facilities. He then pointed out the massive proliferation of rocket launches, which only multiply. He calls it his vehicle.
“People are really excited about this vision. This is what people are looking for. It’s not every generation that you get on an entirely new continent to unlock,” the Centre said.
Warehouse supply is rising
Industrial warehouses here on Earth will still be useful for the space economy, the Centre said, providing capabilities for everything transported into space and the area of space-driven manufacturing.
However, according to a Yardi survey, the entire warehouse sector is currently softer, with a vacancy rate of 8.5% nationwide in May reaching 8.5% in May. This has risen 290 points in the last 12 months. As of May, as of May, only 86.9 million square feet of new warehouse space has been launched, at the lowest annual total since 2018.
Steinbach acknowledges that the industry is seeing a widespread headwind in the US, with some submarkets, particularly distribution centers in large box stores, feeling more than others. However, he also said there are certain markets that are very inadequate and the space support sector is one of them. It’s both Florida and Texas.
Steinbach argued that more development, more capital is needed to build the infrastructure needed to support the real estate race in this space. But like everything else, higher interest rates are hindering it. He said if prices drop, the capital will come.
“I think the capital is looking for great opportunities. They are looking for great returns. This is one of them,” Steinbach said.
