The North America data center industry has reached an inflection point, with vacancy locked at a record-low 1 percent for the second consecutive year as the sector's extraordinary expansion fundamentally redraws the industry landscape. JLL’s new North America Data Center Report – Year-end 2025 reveals how 64 percent of the 35-gigawatt construction pipeline now extends beyond traditional mature markets and, as a result, Texas is positioned to overtake Virginia as the world’s largest data center market by 2030.
The report marks a significant evolution in JLL’s market intelligence, implementing several enhancements including the expansion of hyperscale coverage and the addition of more than 40 frontier markets. JLL now tracks 39 gigawatts of active capacity across North America, roughly h
