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%.
