OpenSpace CEO Jeevan Kalanithi: 5 Questions

Why this matters

The rise of proptech firms like OpenSpace scaling effectively within the data center construction niche signals a notable shift in how institutional capital engages with industrial real estate. Data centers have emerged as a critical infrastructure asset class, driven by surging demand for cloud computing and digital services. However, the complexity and scale of these developments have historically challenged technology providers seeking to streamline construction and operational workflows. OpenSpace’s ability to “crack the code” suggests a maturation in proptech solutions tailored to industrial real estate’s specialized needs, potentially enhancing project efficiency and risk management. For institutional investors and lenders, this development underscores a broader trend: the integration of advanced technology is becoming a prerequisite for managing large-scale, capital-intensive industrial projects. As data center construction continues to expand, proptech adoption may influence underwriting standards and due diligence processes, with more granular, real-time data improving transparency and asset performance monitoring. This could also recalibrate capital allocation strategies, favoring operators and developers who leverage such technologies to mitigate execution risk. Ultimately, OpenSpace’s traction in this sector reflects the growing intersection of technology and industrial CRE, a dynamic that institutional players will need to monitor closely.

Editorial analysis · AI-assisted

On the RET wire

• Disclosed industrial deal value tracked in July 2026: $7.4B across 43 reported transactions. All Industrial coverage →

Computed from Real Estate Trail’s own tracked coverage

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