Data Center Market Update – November 2024

November 13, 2024

While other CRE asset types have experienced a slowdown in new construction, growing demand continues to spur investment in new data centers. The combination of historic low vacancy for existing inventory and significant pre-leasing of new inventory continues to support strong rent growth, which should continue in the near to intermediate term. Despite continued investor appetite for new developments, long development timelines and government regulations will keep supply under control.

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