Rents for hyperscale tech tenants in North America rose 19% in the first half of 2024 compared with a year earlier.

U.S. construction spending on data centers increased 69% to $27.2 billion in the 12 months ending in May.

Vacancy rates for primary data center markets in North America hit a record low of 2.8% in the first half of 2024.

Electric power is the top concern of the industry, which is limited by the availability of large blocks of power.

A record 3,078 megawatts was under construction in major markets, a 46% year-over-year increase, according to a recent report. Construction increased most in Atlanta, up 211% to 732.6 MW.

2,700 data centers consumed more than 4% of U.S. electricity in 2022 and is forecast to use 6% by 2026.

A single ChatGPT query requires 2.9 watt-hours of electricity — nearly 10 times the 0.3 watt-hours needed for a Google search.

The top 10 North American data center markets: Virginia, Dallas, Atlanta, and Phoenix, Oregon, North/South Carolina, Chicago, Columbus, Toronto, and San Francisco Bay area.

Google’s first hyperscale data center in The Dalles, Ore., covers 1.3 million square feet.

Oracle is building an AI data center large enough to park eight 747s nose to tail.

Tract, a Denver firm that develops data center parks, recently bought a 2,069-acre parcel in Buckeye, Ariz., to create a park with up to 20 million square feet, depending on finalizing a power agreement with a local utility to support up to 1.8 gigawatts.

A 2023 study forecasts the industry to grow 10% a year through 2030, with global spending on the construction of new facilities reaching $49 billion.

Blackstone, which has a $55 billion data center portfolio, has a prospective development pipeline of $70 billion.