Data center vacancy rates plunged to a record 2.8% in H1 2024, as reported by CBRE. With nearly 80% of 3.87 GW under construction preleased, demand from cloud and AI providers drives this trend. Atlanta led pricing surges, with a 26% hike, while Austin and San Antonio quadrupled construction activity year-over-year, signaling an intensifying competition for power capacity.
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