CBRE Data Center Capex and Sites
CBRE's H1 2025 research reported record primary-market supply of 8,155 MW alongside a record-low 1.6% vacancy, with 74.3% of new capacity preleased. Its full-year 2025 Northern Virginia data showed 1,102 MW of net absorption, 0.5% vacancy, and just 21.5 MW of available supply in a 4,039.6 MW market, which the atlas characterizes as a functional freeze. CBRE also reported global vacancy falling to a record-low 6.6% in Q1 2025.
Reported and guided spending
Where CBRE builds
Financing transactions
Sourced facts on CBRE
- In H1 2025, CBRE reported primary-market supply reached a record 8,155 MW, up 17.6% from H2 2024 and 43.4% year over year, while vacancy fell to a record-low 1.6%.
- 74.3% of new capacity was preleased in H1 2025; Northern Virginia posted 538.6 MW of net absorption with an 80% surge in under-construction capacity, Atlanta added nearly 1 GW, and Dallas-Fort Worth was on pace to double in size by 2026.
- For full-year 2025 Northern Virginia, CBRE reported 1,102 MW of net absorption, up 144% year over year; vacancy of 0.5%, the lowest of any primary US market; inventory of 4,039.6 MW, up 37%; more than 1 GW delivered in 2025; and available supply at year-end of just 21.5 MW.
- CBRE reported global vacancy fell 2.1 percentage points year over year to a record-low 6.6% in Q1 2025.
Sources for CBRE
Every source cited on this page, once each. The full atlas source register is at Capital Atlas sources.
- cbre.comCBRE H1 2025 report
- cbre.comCBRE brief
- datacenterfrontier.comData Center Frontier
- cbre.comCBRE press release
- cbre.co.ukCBRE UK
Market intelligence: one page each
The figure beside each provider is its count of named sites in the atlas.
Seven references, one system
Capital, delay, policy, water, grid, permits and scarcity are one system seen from seven sides. Each reference is primary-sourced, refreshed on a schedule, and links into the others, so a project can be followed from the money committed to the docket that stopped it.