Overview

• Data center capacity in North America's top markets increased by 3.9 gigawatts in the past year.
• New inventory equivalent to Silicon Valley's entire capacity was added in the first half of 2024.
• Vacancy rates for data centers hit a record low of 2.8%, highlighting intense demand.
• High-powered computing needs are driving up prices for newer data centers.
• Smaller markets like Northern Indiana and Idaho are becoming more attractive for data center development.