Reported about 2 months ago
According to a CBRE report, North America has witnessed a remarkable 70% increase in data center supply under construction, reaching a record 3.9 gigawatts. This surge is driven by the escalating power demands from major tech companies expanding their AI and cloud capabilities. In the first half of 2024, the rollout of new data centers has resulted in a significant increase in inventory and a record low vacancy rate of 2.8%. The demand is also likely to favor smaller markets as users seek facilities capable of meeting modern power requirements.
Source: YAHOO