NORTH AMERICA ADDED A WHOLE SILICON VALLEY'S WORTH OF DATA CENTER INVENTORY THIS YEAR. IT'S NOT ENOUGH

Summary from the TLDR newsletter

The eight primary data center markets in North America added 515 megawatts (MW) of new supply in the first half of this year. All of Silicon Valley has 459 MW of data center supply. Data center space under construction is currently at a record high. The vast majority is already leased. The insane amounts of data center capacity being built are still not enough to meet the growing demands of cloud computing and artificial intelligence providers. This demand has raised national rental rates by 6.5% on average.