JLL’s new North America Data Center Year-End 2024 Report reveals a sector charging full speed ahead, with metro Phoenix remaining a top choice based on its location, infrastructure and cost. The market’s current inventory of 804 MW is also about to skyrocket, with 1,004 MW under construction and another 3,684 MW planned. 

Phoenix ranks third on the absorption list at 166 MW absorbed, with Northern Virginia taking the top spot with 847 MW of absorption in H2, capturing 50% of all demand in North America. Chicago (308 MW), Dallas-Fort Worth (123 MW) and Toronto (55 MW) round out the top five markets for absorption in the second half of the year. 

In Phoenix, the typical metro Phoenix data center has grown from a few hundred MW campuses to 400 MW to 500 MW developments, fueled in Arizona, particularly by cloud services and AI workload growth.