Data Center Vacancy Falls to 3% in the Americas with 80% of New Construction Pre-Leased
Cushman & Wakefield (NYSE: CWK) released a research report highlighting a 3% vacancy rate in data centers across the Americas, with over 80% of new constructions pre-leased. AI and cloud data center demand surged in early 2024, pushing lease rates higher. Despite expanding supply, demand outpaces availability, leading to declining vacancy rates. Developers are exploring rural markets for power options due to power availability concerns. The report notes growth in markets like Virginia (13.2GW), Atlanta (3.8GW), and Phoenix (2.9GW). Operators are collaborating with power companies for alternative energy solutions, including wind, solar, and battery storage. The trend towards rural expansion is expected to continue as AI data centers and hyperscale facilities grow.
Cushman & Wakefield (NYSE: CWK) ha pubblicato un rapporto di ricerca che evidenzia un tasso di occupazione del 3% nei data center delle Americhe, con oltre l'80% delle nuove costruzioni già affittate. La domanda di data center per AI e cloud è aumentata all'inizio del 2024, causando un aumento dei tassi di affitto. Nonostante l'espansione dell'offerta, la domanda supera la disponibilità, portando a un calo dei tassi di occupazione. Gli sviluppatori stanno esplorando i mercati rurali per opzioni energetiche a causa di preoccupazioni sulla disponibilità di energia. Il rapporto annota la crescita in mercati come Virginia (13,2GW), Atlanta (3,8GW) e Phoenix (2,9GW). Gli operatori stanno collaborando con le aziende energetiche per soluzioni energetiche alternative, tra cui eolico, solare e stoccaggio di batterie. Si prevede che la tendenza all'espansione rurale continui con la crescita dei data center per AI e delle strutture hyperscale.
Cushman & Wakefield (NYSE: CWK) publicó un informe de investigación destacando una tasa de vacantes del 3% en los centros de datos de las Américas, con más de el 80% de las nuevas construcciones ya arrendadas. La demanda de centros de datos de IA y la nube aumentó a principios de 2024, elevando las tarifas de arrendamiento. A pesar de la expansión de la oferta, la demanda supera la disponibilidad, lo que lleva a una disminución de las tasas de vacantes. Los desarrolladores están explorando mercados rurales para opciones de energía debido a preocupaciones sobre la disponibilidad de energía. El informe señala un crecimiento en mercados como Virginia (13,2GW), Atlanta (3,8GW) y Phoenix (2,9GW). Los operadores están colaborando con empresas energéticas para soluciones de energía alternativa, incluyendo energía eólica, solar y almacenamiento de baterías. Se espera que la tendencia hacia la expansión rural continúe a medida que crecen los centros de datos de IA y las instalaciones hyperscale.
Cushman & Wakefield (NYSE: CWK)는 아메리카 전역의 데이터 센터에서 3%의 공실률을 강조하는 연구 보고서를 발표했으며, 새로운 건물의 80% 이상이 미리 임대되었습니다. AI 및 클라우드 데이터 센터 수요는 2024년 초에 급증하여 임대료가 상승했습니다. 공급은 증가하고 있지만 수요가 가용성을 초과하여 공실률이 감소하고 있습니다. 개발자들은 전력 가용성 문제로 인해 전력 옵션을 찾기 위해 농촌 시장을 탐색하고 있습니다. 보고서는 버지니아 (13.2GW), 애틀랜타 (3.8GW), 피닉스 (2.9GW)와 같은 시장에서의 성장을 언급하고 있습니다. 운영자들은 풍력, 태양광 및 배터리 저장 등을 포함한 대체 에너지 솔루션을 위해 전력 회사와 협력하고 있습니다. AI 데이터 센터와 하이퍼스케일 시설이 성장함에 따라 농촌 확장 추세는 계속될 것으로 예상됩니다.
Cushman & Wakefield (NYSE: CWK) a publié un rapport de recherche mettant en avant un taux de vacance de 3% dans les centres de données à travers les Amériques, avec plus de 80% des nouvelles constructions déjà louées. La demande de centres de données pour l'IA et le cloud a explosé début 2024, entraînant une hausse des taux de location. Malgré l'augmentation de l'offre, la demande dépasse la disponibilité, ce qui conduit à une baisse des taux de vacance. Les développeurs explorent des marchés ruraux pour des options énergétiques en raison des soucis concernant la disponibilité de l'énergie. Le rapport note une croissance dans des marchés comme Virginie (13,2GW), Atlanta (3,8GW) et Phoenix (2,9GW). Les opérateurs collaborent avec des entreprises énergétiques pour des solutions d'énergie alternative, y compris l'éolien, le solaire et le stockage par batteries. La tendance à l'expansion rurale devrait se poursuivre à mesure que les centres de données pour l'IA et les installations hyperscale se développent.
Cushman & Wakefield (NYSE: CWK) hat einen Forschungsbericht veröffentlicht, der eine Leerstandsquote von 3% in Rechenzentren in den Amerikas hervorhebt, mit über 80% der neuen Bauprojekte, die bereits vermietet sind. Die Nachfrage nach Rechenzentren für KI und Cloud ist zu Beginn des Jahres 2024 gestiegen, was die Mietpreise in die Höhe treibt. Trotz des wachsenden Angebots übersteigt die Nachfrage das Angebot, was zu sinkenden Leerstandsquoten führt. Entwickler erkunden ländliche Märkte nach Energieoptionen aufgrund von Bedenken hinsichtlich der Energieverfügbarkeit. Der Bericht vermerkt ein Wachstum in Märkten wie Virginia (13,2GW), Atlanta (3,8GW) und Phoenix (2,9GW). Betreiber arbeiten mit Energieunternehmen an alternativen Energielösungen, darunter Wind, Solar und Batteriespeicher. Es wird erwartet, dass der Trend zur ländlichen Expansion anhält, da die KI-Datenzentren und hyperskalaren Einrichtungen wachsen.
- Vacancy rate in the Americas data centers falls to 3%
- Over 80% of new constructions are pre-leased
- AI and cloud data center demand surged in early 2024
- Absorption poised to surpass record levels set in 2023
- Virginia remains the largest data center market with 13.2GW
- Power and component lead times continue to slow delivery of new supply
- Power availability remains a critical concern
Insights
The data center market is experiencing a significant supply-demand imbalance, with vacancy rates plummeting to
Key trends include:
- Expansion into rural areas with abundant power and land
- Collaboration between operators and utility providers for infrastructure development
- Increasing focus on renewable energy sources and micro-grids
- Emergence of GPU cloud providers in the hyperscale space
Virginia remains the dominant market with 13.2GW capacity, followed by Atlanta, Phoenix and Chicago. This shift towards power-centric development rather than traditional metropolitan expansion signals a long-term transformation in data center site selection and development strategies.
The surge in AI and cloud data center demand is reshaping the industry landscape. The distinction between AI training facilities (favoring rural, latency-tolerant locations) and AI inference facilities (positioned near major cloud regions) is creating a two-tiered development strategy. This bifurcation will likely accelerate the growth of emerging markets while maintaining pressure on established hubs.
The critical shortage of immediately available power is forcing innovative solutions:
- Direct agreements with energy generation developers
- Investment in diverse energy sources including wind, solar and geothermal
- Long-term power acquisition strategies
These trends suggest a future where data center operators become significant players in energy infrastructure development, potentially altering the dynamics of both the tech and energy sectors. The industry's rapid adaptation to power constraints demonstrates its resilience and could lead to more sustainable and geographically diverse data center ecosystems.
Cushman & Wakefield releases Americas Data Center Update
Demand for artificial intelligence (AI) and cloud data centers surged in the first half of 2024, in both established and emerging markets. Absorption is poised to surpass the record levels set in 2023. Power availability remains a critical concern, prompting developers to explore extensive geographic areas for substantial power options within the next two to three years. Despite an expanding supply pipeline, demand continues to outpace supply, resulting in consistently declining vacancy rates across the board.
“Interest in large-scale power availabilities, plentiful land and less strict latency requirements for AI, has driven hyperscalers and operators to expand in a host of historically peripheral markets such as rural
Where utility providers have been unable to provide power sooner, certain operators have collaborated with power companies to deliver substations, transmission lines or source micro-grid power. Many of these agreements are now being signed directly with third-party energy generation developers, with wind, solar, battery storage, natural gas and even geothermal developments moving quickly across markets. Going forward, Cushman & Wakefield expects to see more operators continue to acquire large acreage high-power capacity sites in even more rural markets. Additionally, some operators will begin to work to secure power along longer timelines.
“AI data centers are increasingly becoming integral to both hyperscale and colocation development pipelines. Although hyperscalers remain the primary end users in this space, several GPU cloud providers are entering the market, seeking hyperscale-level capacity across the Americas,” said Ali Greenwood, Cushman & Wakefield’s Executive Director.
AI training facility plans primarily focus on large, latency-tolerant locations in rural markets, while AI inference facilities are strategically positioned near major cloud regions. As hyperscale growth accelerates in both established and emerging markets, expect further developments in newly emerging data center markets. This trend will be driven by providers and investors prioritizing power transmission and hyperscaler deployment.
At an overall stock level,
To read the full report, including detailed market intelligence, visit our website.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of
View source version on businesswire.com: https://www.businesswire.com/news/home/20241003294396/en/
Media Contact:
Savannah
Savannah.durban@cushwake.com
Source: Cushman & Wakefield
FAQ
What is the current vacancy rate for data centers in the Americas?
How much of the new data center construction in the Americas is pre-leased?
What factors are driving the demand for data centers in 2024?
Which is the largest data center market in the world?
What are the concerns affecting data center supply delivery?
