The exponential growth in data creation and a significant shift toward cloud computing in recent years have driven soaring demand for data centers. Although artificial intelligence (AI) is frequently cited as the primary driver of the surge in demand for these facilities and their construction, JLL’s latest North America Data Center Report reveals a more nuanced reality. The report provides a comprehensive overview of the current market, challenges that the sector faces, and forecasts for the future of the booming data center industry.

According to CBRE’s “North America Data Center Trends H2 2024" report, the overall vacancy rate in primary markets fell to a record-low 1.9 percent at year-end. Only a handful of facilities with 10 MW or more are slated for delivery in 2025 and are not yet leased, reflecting the scarcity of large-scale available inventory.

Released during the Institute’s 2024 Fall Meeting in Las Vegas, Emerging Trends in Real Estate® North America predicts Dallas-Fort Worth, Miami as leaders in 2025

Developers and hyperscalers apply myriad solutions to meet climate goals