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Data center market faces all-time low vacancies despite record-breaking construction

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Power capacity available for lease fell to 1.4% in the first half of 2026, even as under-construction capacity surged 25%, according to CBRE.

Published Sept. 3, 2026

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As AI demand skyrockets, equipment shortages and limited electric grid availability have constricted the data center buildout. Despite record construction activity, the North American data center market is grappling with finite power infrastructure capacity, according to CBRE’s latest North American Data Center Trends report published Thursday.
New data center construction rose by almost 25% in the first half of 2026 across major U.S. markets, including Northern Virginia, Atlanta and Dallas-Fort Worth. Total power grew by a third year-over-year — but vacancy rates, representing the percentage of power capacity available for lease, fell to a record low of 1.4%, per the report.
“The scale at which we’re building today is significantly larger than...

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