AI boom drives data centers to unexpected markets as power becomes top priority
- Data center supply in major markets surged 34% year-over-year in 2024, according to CBRE.
- The data center vacancy rate decreased to 1.9%, raising asking rates by 2.6% for certain power requirements, CBRE reported.
- Demand for data center space outpaced supply, with construction set to double, CBRE stated.
- Power availability is the main focus for developers in site selection and operations, CBRE noted.
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Total News Sources21
Leaning Left3Leaning Right0Center5Last UpdatedBias Distribution63% Center
Bias Distribution
- 63% of the sources are Center
63% Center
L 38%
C 63%
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