$725B
2026 hyperscaler capex
Up ~77% YoY from $410B in 2025.
Source: Microsoft, Alphabet, Amazon, Meta combined guidance
Market
The numbers behind the opportunity.
Independent third-party data on the structural growth of the digital-infrastructure sector. All figures attributed to source.
1.4%
Primary-market vacancy
All-time record low. Demand has consistently outrun new supply.
Source: CBRE, North America Data Center Trends, H2 2025
9,432 MW
Under construction
+36% YoY in primary markets. 74.3% preleased before delivery.
Source: CBRE, H1 2025
~100 GW
New capacity 2026–2030
Approximately $1.2 trillion of new real-asset value creation over five years.
Source: JLL, 2026 Global Data Center Outlook
+165%
Datacenter power demand
Reaching ~92 GW by 2027; demand growth structurally exceeds grid expansion.
Source: Goldman Sachs Research, 2030 vs. 2023
67%
Hyperscale share by 2031
Hyperscale operators projected to account for two-thirds of global datacenter capacity.
Source: Synergy Research Group