Las Vegas outpaces data center national demand surge amid nationwide power shortages
Data Center Vacancy
- Data center demand is skyrocketing across the U.S., driven by the tech industry's growth and the rise of AI, but supply is critically low due to power limitations.
- With a 4-5 years lead time to bring power to new sites, available space is quickly being snapped up, leaving companies to face long waits for new developments.
- Nationwide vacancy rates are tight at 1.9% as of Q2 2024, with key markets like Las Vegas even more constrained, showing a vacancy rate of just 0.8%.
August 26, 2024
