Demand for data center capacity across North America continues to outpace supply, with vacancy holding at a historic low of just 1% for the second year in a row.

To provide deeper insight into this rapidly shifting landscape, JLL's latest North America Data Center Report features key enhancements, including expanded hyperscale coverage and the addition of more than 40 new frontier markets. The report reveals how these massive investments and strategic expansions are creating unprecedented opportunities.

Key insights include:

• Vacancy remains at 1% for the second consecutive year, a powerful statistic challenging bubble concerns
• The top five hyperscalers set the tone for 2026 with $710 billion in planned CapEx
• The data center map is being redrawn; 64% of capacity under construction is located in frontier markets
• With rents up 60% since 2020, landlords are capturing significant rent spreads on renewals