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  • BREAKING: US data center construction spending jumped +46% YoY in June, to a record annualized rate of $68 billion.

    This marks the largest YoY increase in 12 months. Since January 2024, US data center construction spending has surged +158% and has more than tripled since 2022. Meanwhile, office building construction spending has declined by over -$25 billion since 2022, to ~$43 billion, the lowest since 2016. As a result, data center construction has now surpassed office construction by $25 billion, the widest gap on record. By comparison, office construction exceeded data centers by $57 billion in 2022. AI is prompting the biggest investment wave in US history.

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    BREAKING: US data center construction spending jumped +46% YoY in June, to a record annualized rate of $68 billion.