, Columnist
These Landlords Don’t Want Us to Go to Work
Singapore’s data centers get a big Covid-19 bounce from people stuck at home logging in all day.
And “ka-ching” goes the data-center.
Photographer: Morse Collection/Gado/Getty Images
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Singapore now has two types of landlords. The unhappy ones need folks to show up at offices, malls, hotels and factories, something that’s simply not going to happen in a hurry with the city-state’s coronavirus infections about to hit 6,000.
But there’s also a happy property owner, whose tenants live in the clouds, unaffected by social-distancing norms. For real-estate investment trusts, or REITs, that make money by hosting data, the more people pretend to work from home and watch Netflix, the better.