1、2025 United StatesData CenterMarket OutlookIntroductionInfrastructure,both digital and traditional,has experienced cyclical and structural transformations throughout U.S.history.As we examine the commercial real estate landscape in 2025,digital infrastructure stands out as the only segment in a boom

2、 and a structural boom at that driven primarily by investment in AI-related data center development.The level of spending in the past two years on the facilities that support digital-age innovation is unprecedented,and is redirecting commercial real estate capital,physical structures and powered lan

3、d into the data center sector.This trend is particularly evident in industrial real estate,which shares more overlap with the data center segment than any other sector.Despite the ongoing generational growth,data center development is struggling to keep pace with advancements in AI requirements and

4、rising demand due to one tangible constraint in particular power.This dynamic is both extending the new paradigm of infrastructure scaling and spurring the exploration of new markets and solutions to meet the demand.Adding further complexity,a key question has arisen:How will these massive investmen

5、ts in AI demonstrate their value in the years to come,especially as international competitors develop alternative AI models that may be more cost-effective and energy-efficient?Newmarks U.S.2025 data center sector report offers an in-depth analysis of the national data center market,examining key tr

6、ends,transactions and emerging markets,and providing an outlook for whats to come.4NEWMARKNational OverviewThe rise of AI requires immense computational power and density that has well surpassed the existing U.S.data center inventory,primarily composed of retail/wholesale1 data centers focused on cl