US data center construction spending surged 46% YoY to $68B annualized in June, driven by AI infrastructure demand, now exceeding office construction by record $25B.
AI & Agents ·
US data center construction spending reached a $68 billion annualized rate in June, up 46% year-over-year and representing the largest annual increase in 12 months. Since January 2024, the sector has grown 158%, while office construction has declined over $25 billion since 2022 to roughly $43 billion, creating a record $25 billion gap favoring data centers compared to a $57 billion office advantage in 2022.