Phoenix is the hottest data center market in the US, measured in megawatts of net absorption, as overall US market absorption surges past the total demand in 2021, according to the latest Data Center Outlook report from JLL.
US market demand reached 1,087 MW in H1 2022, more than 95% of total demand in 2021. JLL attributed the surge to the adoption of hybrid work patterns and the ongoing explosion of streaming apps, as well as historically high pre-leasing activity.
"Hybrid work is here to stay, and there is no stopping the growth in personal usage of social media, online gaming and streaming applications," JLL's H1 2022 report said.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
