North American Data Center Vacancy Holds at Just 1%
TechTarget, Tuesday, August 19th, 2025
Over 66 GW is under construction yet vacancy has stayed at 1% for a third straight year.
More than 66 gigawatts of data center capacity is under construction in North America, and vacancy has still held at 1% for the third consecutive year.
JLL attributes the gap to structural demand from growing digital services and AI adoption that keeps outpacing supply.
Power constraints and land scarcity in established hubs are pushing developers into frontier markets such as West Texas, Ohio, and Louisiana.
The sector faces grid connection waits exceeding four years, rising local opposition, and the need to secure electricity, land, financing, and community support simultaneously.