New data centers are being built at a faster rate than any other real estate asset class globally, data from JLL’s Global Real Estate Outlook shows.
Completions are set to reach a new peak globally in 2025, exceeding the previous four years. Yet with capacity on track to grow at a 15% CAGR over the next two years, demand for critical data center infrastructure continues to outstrip supply.
Powering data center growth
A confluence of positive market conditions is fueling the pace of growth in these secondary markets, says Daniel Thorpe, Head of EMEA Data Center Research, JLL.
“The growth of digital economies is a clear driver, but supportive government policies and enhanced subsea cable connectivity are also crucial factors driving demand,” he says.
In many emerging markets, the launch of new subsea cables will significantly enhance connectivity with other regions, potentially attracting global data center operators.
