January 2024
Newmark presents the 2023 U.S. Data Center Market Overview Report.
The rapid growth of emerging technologies like Artificial Intelligence (AI) is fueling demand for data center capacity, already driven higher by the cascade of digital innovations over the past decade such as content streaming, cloud computing, machine learning (ML), Internet of Things (IoT), ecommerce and more. While other commercial real estate sectors are experiencing a decline in construction pipelines, data center development has reached an all-time high and will continue to grow to meet demand. However, growth is increasingly constrained by land and power availability, supply chain challenges and construction delays, not to mention increasing resistance from some local jurisdictions. The complex landscape for the sector affects both established hubs and emerging markets, impacting users and investors, all while development continues to expand.
Newmark’s Data Center report provides a comprehensive analysis of the sector’s national market, including an examination of key regions, transactions and notable market activities, and an outlook for what’s to come.
