- Quantum computing is moving toward commercialization within five years, requiring facilities different from traditional data centers.
- Microsoft, IBM, Google, and Amazon are investing heavily, with revenue projected to reach $100B by 2035.
- Specialized hubs are forming near universities and research centers, with Chicago leading as a flagship development market.
CNBC says that as artificial intelligence transformed the data center industry, quantum computing could do the same for commercial real estate. A new JLL report says demand for quantum-specific facilities will rise sharply as the technology approaches commercial readiness—possibly within the next five years.
The Opportunity
Quantum computing uses quantum mechanics to solve problems that classical computers cannot. Until recently, it lived mostly in academic and government labs. High costs and limited applications slowed adoption. Now, rapid progress is drawing private capital and opening the door to real-world uses.
The Market Potential
In 2024, quantum firms generated less than $750M in revenue. Yet forecasts project $20B in investments by 2030 and $100B in revenue by 2035. A major “quantum advantage” breakthrough around 2030 could unleash $50B in funding—similar to the AI surge sparked by ChatGPT.
Where It Lives
Quantum machines require electromagnetic shielding, vibration control, and specialized cooling. This makes them unsuitable for conventional data centers. Most current hubs are near research institutions, such as those in Chicago, Boston, New Haven, Colorado, Maryland, and Southern California.
One standout project is the Illinois Quantum and Microelectronics Park in Chicago. The 128-acre redevelopment of a former steel mill, led by Related Midwest and funded mainly by the state, shows how public and private sectors can work together to build quantum infrastructure.
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Integration or Isolation
For now, quantum computing facilities will likely remain in specialized hubs. However, future integration with cloud and AI could connect them to existing data center ecosystems. This shift may involve both new construction and retrofitted properties.
Why It Matters
Quantum computing has vast potential in pharmaceuticals, agriculture, manufacturing, financial services, and encryption. These advances could bring both significant opportunities and major cybersecurity challenges. For real estate, the sector offers a high-tech frontier with long-term growth potential.
What’s Next
The coming five years will determine whether quantum computing stays niche or reaches mass adoption. If a breakthrough arrives, developers and investors could see a building boom similar to the data center explosion of the past decade.
