Where Data Tells the Story
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Vacancy rates in North American data centers have hit historic lows with just 1.6% availability in the U.S. as of 2025. This has created a highly constrained market, especially for deployments over 5 MW, where second-gen space is typically leased within weeks.
Despite 6.5 GW of new capacity under development, a staggering 72% is already pre-booked, forcing major operators to reserve space years in advance. The ability to scale up is being outpaced by demand.
📉 From 12.5% vacancy in 2017 to just 1.6% in 2025, the U.S. colocation landscape is tightening year-over-year driven by:
With land, power, and policy bottlenecks, North America is at a digital infrastructure tipping point.