Americas Data Center Update | Cushman & Wakefield

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width="406" height="260"/> <img class="card-img-top d-none d-md-block image-resizing" alt="data-centre-update__H2-2024-americas-hero.jpg" src="https://cwg-p-001.sitecorecontenthub.cloud/api/public/content/05c17a6f0ad14b72ae1c0e61ca1bbc58?v=492c8d72" width="1176" height="521"/> <div class="card-animation-block mix_primary" style=""></div> <div class="card-animation-block mix_secondary" style=""></div> </div> <div class="card-body" style=""> <p class="card-category"></p> <h1 class="card-title">Americas Data Center Update</h1> <div class="card-text rich-text">Get an overview of top Americas data center markets.</div> </div> </div> </div> </section> <div class="container"> <div class="row"> <div class="col-lg-8" style=""> <section style=""> <div> <div class="page-content-body rich-text"> <p> <em>Artificial Intelligence (AI) continued to be a topic of interest in 2024, and demand for data center capacity has grown to reflect that interest over the course of the year. The construction pipeline swelled in the second half of the year, with 6.4GW of capacity underway—most of which has already been leased, as large-scale contiguous live capacity remains scarce. Power constraints remain the top challenge for hyperscale and colocation providers, heavily influencing site selection and driving expansion into less established data center markets across the region. Many regional utility providers have gigawatts of unfulfilled requests for power.</em><br /> <br /> Hyperscale development in the Americas is largely driven by power availability first, with land values and availability second—spurring activity in periphery markets. Occupiers focused on availability and, unlike hyperscale users, are often bound to specific markets.<br /> <br /> North America continued its high-growth trajectory, reaching 20GW of operational capacity, with 1.5GW added in H2 2024, bringing the total capacity added for the year to 3.2GW.<br /> <br /> Virginia remains the largest data center market globally, with 5.9GW in operation, 1.8GW under construction, and 15.4 GW planned. Following Virginia in operational capacity are other large markets: Portland and Eastern Oregon (2GW), Columbus (1.8GW), Phoenix (1.5GW), Dallas (1.4GW), and Chicago (1.2GW), all of which have seen continued activity despite varying power availability limitations.<br /> <br /> With power and component lead times constraining delivery of new supply, vacancy region-wide is currently at 4.9%, driving 83% of deliveries to be preleased and placing upward pressure on lease rates. <br /> <br /> Interest in large-scale power availabilities, plentiful land and less strict latency requirements for AI has driven hyperscalers and operators to expand into historically peripheral markets like Indianapolis, Kansas City, Reno, Charlotte, Salt Lake City, Minneapolis, Philadelphia, Montgomery, and other outlying areas.</p> <p> <strong>Key markets <a rel="noopener noreferrer" href="https://cushwake.cld.bz/Americas-Data-Center-H2-2024-Update" target="_blank">featured in this report</a>include: </strong></p> <table> <tbody> <tr> <td style="border-style: none;">Primary Markets:</td> <td style="border-style: none;"> </td> <td style="border-style: none;"></td> <td style="border-style: none;">Secondary Markets:  </td> </tr> <tr> <td style="border-style: none;"> <ul> <li>Atlanta</li> <li>Chicago</li> <li>Columbus</li> <li>Dallas</li> <li>Phoenix</li> <li>Portland and Eastern Oregon </li> <li>Silicon Valley</li> <li> <div><span style="font-size: 1rem;">Virginia</span></div> </li> </ul> </td> <td style="border-style: none;"> </td> <td style="border-style: none;"> </td> <td valign="top" style="border-style: none;"> <ul> <li>Austin and San Antonio</li> <li>Toronto</li> <li>Northern New Jersey and New York</li> <li>Montreal</li> <li>São Paulo</li> <li>Bogotá</li> <li>Querétaro</li> <li>Santiago</li> </ul> </td> </tr> </tbody> </table> </div> </div> </section> </div> <div class="col-lg-4" style=""> <section style=""> <div class="sidebar mix_wedged"> <div class="sidebar-animation-container"> <div class="sidebar-animation-block mix_primary"></div> <div class="sidebar-animation-block mix_secondary"></div> </div> <div class="sidebar-body"> <h4 class="text-uppercase">GET H2 2024 REPORT</h4> <p> <img class="card-img-top image-resizing h-auto" alt="dc-updateH22024_americas-web-thumbnail.jpg" src="https://cwg-p-001.sitecorecontenthub.cloud/api/public/content/86d9e43af06342ffa1548022be9718a4?v=6106e4cd" width="294" height="275"> </p> <a href="https://cushwake.cld.bz/Americas-Data-Center-H2-2024-Update" class="btn btn-primary btn-block" target="_blank" title="">Download</a> </div> </div> <div class="sidebar"> <div class="sidebar-body"> <h4 class="text-uppercase">Contact</h4> <hr> <ul class="list-unstyled"> <li class="mt-3"> <a class="font-weight-bold" href="/en/united-states/people/john-mcwilliams">John McWilliams</a> <br>Head of Data Center Insights, Research Manager </li> </ul> </div> </div> </section> </div> </div> </div> <section 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class="card-insight-body "> <h6 class="card-subtitle-alt font-weight-bold">Research</h6> <p class="font-weight-bold"><a href="/es-co/insights/emea-data-centre-update">EMEA Data Centre Market Update</a></p> <div class="card-text"> <div class="rich-text">Between the second quarters of 2023 and 2024, the operational capacity of EMEA’s data centre markets rose by 6.6% to reach 9.3GW, with about 256MW of new supply added in the first half of 2024.</div> <span class="article-foot"><a href="/en/united-kingdom/people/laura-shepherd">Laura Shepherd</a> • 2/5/2025</span> </div> </div> </div> </div> <div> <div class="card_noborder"> <a href="/en/united-states/insights/global-cloud-report"> <div class="insight-triangle"> <img class="card-img-top image-resizing h-auto" alt="Global Cloud Report Card Image" src="https://cw-gbl-gws-prod.azureedge.net/-/media/cw/americas/united-states/insights/research-images/2020/0820globalcloudreportwebcard.jpg?rev=39ca0d39c40a411b87bf6b29072b72da" width="564" 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They are drawn by the scalability and accessibility of these platforms that are in place to assist with the complexities of a fully distributed workforce.  </div> <span class="article-foot"><a href="/en/united-kingdom/people/andrew-fray">Andrew Fray</a> • 8/27/2020</span> </div> </div> </div> </div> </div> </section> <section class="container mb-5"> <h2 class='container-headline mix_align-center'>Related Services and Industries</h2> <div class="row"> <div class="col-lg-3 col-sm-6"> <div class="card mix_centered"> <div class="card-body"> <i class="far fa-users card-icon"></i> <h5 class="card-title text-uppercase">Data Centers</h5> <div class="card-text mb-3 rich-text">Using deep global data center expertise, we deliver full services from site selection, appraisals, and facilities management to sales and leasing.</div> <a href="/es-co/industries/data-centers" class="btn btn-secondary btn-block">Learn More</a> </div> </div> </div> <div class="col-lg-3 col-sm-6"> <div class="card mix_centered"> <div class="card-body"> <i class="far fa-handshake card-icon"></i> <h5 class="card-title text-uppercase">Land</h5> <div class="card-text mb-3 rich-text">Cushman & Wakefield’s land experts help you identify investment goals and then recommend a custom-tailored land strategy.</div> <a href="/en/united-states/industries/land" class="btn btn-secondary btn-block">Learn More</a> </div> </div> </div> <div class="col-lg-3 col-sm-6"> <div class="card mix_centered"> <div class="card-body"> <i class="far fa-handshake card-icon"></i> <h5 class="card-title text-uppercase">Logistics & Industrial</h5> <div class="card-text mb-3 rich-text">Driving logistics forward, no matter the challenge</div> <a href="/en/united-states/industries/logistics-and-industrial" class="btn btn-secondary btn-block">Learn More</a> </div> </div> </div> <div class="col-lg-3 col-sm-6"> <div class="card mix_centered"> <div class="card-body"> <i class="far fa-microscope card-icon"></i> <h5 class="card-title text-uppercase">Life Sciences</h5> <div class="card-text mb-3 rich-text">Our life sciences real estate experts drive customized, dynamic solutions for investors, owners, developers and occupiers within the quickly evolving life sciences sector. </div> <a href="/en/united-states/industries/life-sciences" class="btn btn-secondary btn-block">Learn More</a> </div> </div> </div> </div> </section> </section> <section class="container-fluid" style="" > <div class="hero mix_hero-prefooter js-hero"> <div class="hero-animation-container"> <div class="hero-prefooter-stripes"></div> </div> <div class="container"> <div class="row align-items-center"> <div class="col-lg-7 offset-lg-1"> <h3 class="text-uppercase">Ready to talk?</h3> <div class="rich-text">We look forward to connecting with you.</div> </div> <div class="col-lg-2 offset-lg-1"> <a href="/es-co/inquire" class="btn btn-primary" >Contact Us</a> </div> </div> </div> </div> </section> <div class="cookiecontent">  <div id="banner_title" class="desc_text"> Your privacy matters to us </div> <div id="description_text" class="desc_text"> With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.<br /> <br /> Alternatively click on More Options and select your preferences before providing or refusing consent. 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