With so much capacity already spoken for, it’s no surprise the market remains incredibly tight.
The nationwide vacancy rate for data centers is at a razor-thin 3.7% currently.
Such scarcity economics are allowing owners to really cash in average rents spiked 19% over the last year.
Therise of generative AImodels is only supercharging data needs further.
There’s no end in sight to the data center space crunch.
Historically, an influx of new construction and investor money would ease pricing pressures.
But again, such solutions take years to come online.
With over 3,000 MW of data center capacity underway, that’s easily an all-time high for the sector.
