Americas Data Center Vacancy Drops to 3%, 80% of New Builds Pre-Leased

📅 October 3, 2024 - The newest research study on data center markets from global real estate services company Cushman & Wakefield (NYSE: CWK) reveals that lead times for power and components are still slowing the flow of new supplies. With over 80% of deliveries pre-leased in major areas, the Americas vacancy rate has dropped to 3%, driving up lease rates.

In the first half of 2024, there was a sharp increase in demand for cloud data centers and artificial intelligence (AI) in both established and new economies. It is expected that absorption will rise above the 2023 record levels, according to the Cushman & Wakefield report.

Power supply is still a major worry, which is why over the next two to three years [...][... Check source for end of article ...]

Tags: Data Center

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