Demand for North American data center capacity is surging due to AI and cloud computing growth, reports JLL. Vacancy rates hover near 1%, with over 35 gigawatts of new capacity under construction. Approximately 92% of this pipeline is pre-leased, primarily by hyperscale tech firms securing space ahead of deployment. This rapid pre-leasing indicates intense competition for digital infrastructure and pressures project timelines and supply chains. For AECM professionals, this means accelerated project schedules, heightened demand for specialized construction materials, and the need for efficient coordination with technology clients. Upcoming milestones include completion of key hyperscale facilities by late 2024 and continued expansion of modular data center designs to meet demand. Staying ahead requires agile project management and close collaboration across design, engineering, and construction teams.
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