Constellation, Google strike 890-MW nuclear deal to meet data center power demand
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in October 2026: $850.1M across 12 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Constellation Energy has signed 20-year power purchase agreements with both Google and Amazon in the last week, supporting almost 1.1 GW of nuclear expansions.
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