Data Center Supply in North America Jumps 70%: Key Insights from CBRE
Unprecedented Growth in Data Center Supply
The data center supply under construction in North America has recorded an astounding 70% increase compared to the previous year. With a total of 3.9 gigawatts currently in development, this growth underscores market trends and evolving needs within the technology landscape.
Key Trends Driving This Surge
- Increased Digital Demand: The rise in cloud computing and online services has significantly propelled the need for additional data centers.
- Investment Opportunities: Investors are keenly aware of the potential financial returns in data center developments, leading to heightened activity.
- Strategic Locations: Major markets across North America are becoming hotspots for new construction efforts.
Future Outlook for Data Centers
Experts suggest that the future of data centers is promising, with projections indicating continued growth fueled by technological advancements and growing service requirements. It remains critical for businesses to adapt to these trends and invest wisely.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.