Data Center Industry: Full Speed Ahead

Data Center Industry: Full Speed Ahead Main Photo

10 Mar 2025


News

Data centers faced their toughest power challenges yet in 2024, but the industry didn’t just survive – it thrived, according to JLL’s new North America Data Center Year-End 2024 Report. The sector is charging full speed ahead, with colocation vacancy plummeting to a record low of 2.6% and absorption levels doubling in just two years, reveals the report.

But beneath the surface of this growth lies a brewing storm: the race for resources is reshaping the data center landscape, pushing development into new markets and forcing utilities to rethink how they handle the digital economy’s voracious appetite for energy.

Read the full article from Business Facilities here.