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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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Technocracy News broke the news in on Wednesday, March 5, 2025.
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