BREAKING: U.S. Data Center Construction Spending Surges 73% YoY in August to Record $85 Billion Annualized...

U.S. data center construction spending surged 73% year over year in August to a record annualized rate of $85 billion. That follows a 65% YoY increase in June and marks the largest YoY increase since April 2025.
Since the start of 2021, data center construction spending has soared by $76 billion, or 823%.
Meanwhile, general office construction spending fell 10% YoY in August to $46 billion, the fifth-lowest reading since December 2015. Since the start of 2023, spending on general offices has declined by $25 billion, or 35%.
As a result, the gap between data center and general office construction spending has surged to a record $39 billion. The author said the AI investment surge is gaining momentum.