he demand for data centers continues to grow alongside our internet smartphone and AI usages. With a record 2022, Northern Virginia has absorbed over a gigawatt in the last three years. As a top hub for data centers, the region will continue to grow even in the face of unfavorable conditions such as higher land and utility costs.
Despite challenges and obstacles, Northern Virginia is ripe for the opportunities and technological innovations that will come with the growing need for data centers.
In JLL’s Data Centers’ “2023 Global Data Center Outlook,” we explore the challenges, opportunities, demand influencers and investor impact affecting the data center industry throughout 2023 and beyond.
Supply chain delays will continue to be an issue throughout 2023 but should moderate in 2024 as operators and users adjust to newer, slower timelines, and manufacturers find additional suppliers and make processes more efficient. Northern Virginia’s existing data center supply totals 3,442 megawatts (MW), which is three times the size of the next largest market, Singapore, and equates to 45.1 million square feet.
Click here to read the rest of the article written by JLL over at Washington Business Journal
