2020 was a record year for data center demand, with an increase of over 70% from year-end 2019 in 14 markets across the United States as well as across the globe. Additionally, the construction pipeline reached near-record levels, more than doubling the amount of supply from 2019.
The team at JLL took a deep dive into the state of this industry, noting key trends that have emerged over the past year. These trends include:
- Insatiable cloud demand across the globe
- Rapid pickup of enterprise colocation demand in the second half of 2020
- Robust M&A activity and operator investment
- Burgeoning 5G demand
- Rapid demand in sustainability
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