US data center construction spending surges 90% YoY to record $96.5B annualized

Dr_Singularity · x · 2026-11-09

US data center construction spending jumped 90% YoY in September to a record $96.5B annualized rate—the largest increase in 10 years, up 60%+ for 4 straight months and nearly quadrupling since early 2024. Meanwhile office construction fell 8% YoY to $46B, widening the gap to a record $50.5B.

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