For a decade, software ate the world. Now AI is making land matter again.

Meta's 2-gigawatt facility requires hundreds of acres. Microsoft's expansion spans millions of square feet globally. These aren't software deployments — they're industrial developments with 30-year time horizons requiring transmission adjacency, water rights, and favorable zoning.

Developers with optioned land near transmission corridors are commanding premium valuations. Land isn't just back — it's becoming a rate-limiting input to the AI buildout.]]>