Jones Lang LaSalle Inc. $(JLL)$ has reported that the North American data center industry has reached a record-low vacancy rate of 1% for the second consecutive year, signaling strong demand driven by hyperscale and AI growth. The new analysis highlights a 35 GW construction pipeline, with 64% of capacity expanding beyond traditional markets. Texas is projected to surpass Virginia as the world’s largest data center market by 2030. The report also notes increased market sophistication, major capital investments, and a shift toward sustainable operations and innovative power solutions.

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