Posted by msmash from the aggressive-expansion dept.
North America’s eight primary data center markets added 515 megawatts (MW) of new supply in the first half of 2024 — the equivalent of Silicon Valley’s entire existing inventory — according to a new report real-estate services firm CBRE. From a report: All of Silicon Valley has 459 MW of data center supply, while those main markets have a total of 5,689 MW. That’s up 10% from a year ago and about double what it was five years ago. Data center space under construction is up nearly 70% from a year ago and is currently at a record high. But the vast majority of that is already leased, and vacancy rates have shrunk to a record low of 2.8%. In other words, developers are building an insane amount of data center capacity, but it’s still not enough to meet the growing demands of cloud computing and artificial intelligence providers.
The flow chart is a most thoroughly oversold piece of program documentation. — Frederick Brooks, “The Mythical Man Month”
Working…