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How Wall Street’s Big Bets on A.I. Are Driving Interest in Huge Parking Lots

16 September 2025 at 17:01
J.P. Morgan, Blackstone and other financial giants are buying “industrial outdoor storage,” sites vital to logistics, trade and the construction of data centers.

© Taylor Austin Dorrell for The New York Times

Wall Street investors were already drawn to “industrial outdoor storage,” or IOS, lots because of e-commerce and logistics, but now there’s a new reason for them to invest: artificial intelligence.
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