As Large tracts of land are harder to find, many data center developers are willing to pay a premium price to landowners which can boost local land values. However, home sellers near controversial sites may face buyer resistance over noise, water consumption and uncertainty of future land use.
Data centers are creating a real estate tale of two neighborhoods; one seller may face buyer concerns about noise, traffic, utility costs and disruption, while another watches land values climb or rents rise as investment pours in.
As some sellers benefit from premium prices, others may be hindered and public concern over the impact of data center also persists so the controversy will most likely continue.
There are approximately 48 data centers in S.C. and new proposed projects on the horizon.
Discover more from Real Estate Matters in Charleston SC - Gena Glaze
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