The CBRE Intelligent Investment North America Data Center Trends H1 2022 report highlights the record demand for data centers in North America, with more than 3.7 GW of capacity under construction in 2022, nearly double the amount from a year ago. The primary markets of Northern Virginia, California, Silicon Valley, Texas, Atlanta, New York, Chicago, and New Jersey have seen the most growth in both size and capacity. The average monthly asking rate for primary markets is at a record high, driven by high demand for hyperscale data centers. The report also notes concerns about capacity constraints due to limited supply and a surge in partial absorption of new construction. Overall, the data center market is expected to continue to grow, with increased interest in purchasing activity.
