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Companies Are So Desperate For Data Centers They're Leasing Them Before They're Even Built
Data center construction levels are at an all-time high. And more than ever, companies that need them have already called dibs. From a report: In the first quarter of 2024, what amounts to about half of the existing supply of data center megawattage in the US is under construction, according to real...
From a report: In the first quarter of 2024, what amounts to about half of the existing supply of data center megawattage in the US is under construction, according to real estate services firm CBRE. "I'm astonished and impressed by the demand for facilities yet to be fully constructed," CBRE Data Center Research Director Gordon Dolven told Sherwood. For comparison, rents for industrial and logistics real estate, another hot asset class used in e-commerce, is expected to go up 8% this year.
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