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-5.679688298701E-06 -4.54375063897371E-05 -0.00134040643849473 -0.000437335999000364 -0.00637261027114833 -0.00957595447161867 -0.00957595447161867 -0.00957595447161867
Stock impact report

Data center supply, construction surged in 2024 amid AI boom [Yahoo! Finance]

Equinix, Inc. (EQIX) 
Last equinix, inc. earnings: 2/12 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: equinix.com/company/investors
Company Research Source: Yahoo! Finance
Dive Brief: Data center supply in major “primary” markets like Northern Virginia, Atlanta and Chicago surged 34% year-over-year in 2024 to 6,922.6 MW, with a further 6,350 MW under construction at year-end, CBRE said in a Feb. 26 report. The data center vacancy rate in primary markets fell to 1.9%, driving up the average asking rates for a 250-to-500-kilowatt requirement by 2.6% year-over-year to $184.06/kW, reflecting tight supply and robust demand for AI and cloud services, CBRE said in its North America Data Center Trends H2 2024 report. Volume-based discounts for larger tenants “have been significantly reduced or eliminated” due to rising demand for large, contiguous spaces, while data center operators grapple with elevated constructi Read more
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