Data Center Construction Surges to Record 7,481 MW
Why this matters
Industrial has moved into a normalization phase after the 2020-2023 frenzy. Vacancies are up modestly, sublease space remains a watch item in the big-box logistics segment, and rent growth has shifted from double-digit to mid-single-digit. The long-term tailwinds — nearshoring, e-commerce penetration, infill scarcity — remain intact. Institutional capital is calibrating between core income and value-add basis plays as the cycle matures.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- Disclosed industrial deal value tracked in September 2026: $234M across 4 reported transactions. All Industrial coverage →
Computed from Real Estate Trail’s own tracked coverage
Despite record construction activity, North American data center demand outpaced supply during the first half of the year, according to CBRE’s latest North American Data Center Trends Report . Construction across the…
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