Rapid growth in artificial intelligence is fueling data center demand, but power constraints are swelling building costs, said Gordon Dolven, director of Americas data center research at CBRE.
Those construction costs have generally increased across all U.S. regions, yet the Northern Virginia, Dallas-Fort Worth and Chicago markets all still posted record megawatts under construction in the first quarter of 2023, according to a recent data center report from CBRE, a Dallas-based commercial real estate consulting firm.
