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Home Data Center Vacancy Falls to 3% in the Americas with 80% of New Construction Pre-Leased

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Data Center Vacancy Falls to 3% in the Americas with 80% of New Construction Pre-Leased

CHICAGO--(BUSINESS WIRE)-- #CRE--Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, has released its latest research report on data center markets, showing that power and component lead times continue to slow delivery of new supply. The vacancy rate in the Americas has fallen to 3%, with over 80% of deliveries pre-leased in major markets, pushing lease rates higher. Demand for artificial intelligence (AI) and cloud data centers surged in the first half of 2024, in both es...

Read the full news release here

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