Data Center Boom: Record Growth & AI Push
Dayton News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
CBREs new report reveals record growth in North American data center market, driven by AI, cloud computing, and e-commerce demand. Despite a 36% capacity increase, vacancy rate plummeted to a historic low of 1.4%. Rents surged with double-digit gains over the past three years, led by hyperscalers like Google. Industry leaders emphasize AI as a key driver, but demand spans all digital aspects. Construction dipped due to power needs, zoning, and grid connections, with developers eyeing spots in Nevada, Pennsylvania, and Michigan. Northern Virginia leads with capacity nearly three and a half times that of secondary markets, hinting at future shifts as fiber tech expands build options.
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