News Brief: Data Center Boom Defies Bubble Concerns
Summary
Industry leaders assert the global data center market is not oversupplied, despite rapid expansion driven by AI. Demand from hyperscalers with long-term contracts far outpaces construction speed, supporting sustained growth.
Key Points
- No Oversupply: Digital Realty CEO Andy Power states demand from real customers with 15-year contracts means the sector is not oversupplied. Vacancies are at record lows.
- Massive Growth Forecast: JLL expects global data center capacity to nearly double from 103GW to 200GW by 2030, with AI representing half of all workloads.
- Trillion-Dollar Investment: JLL predicts the sector needs up to $3 trillion in total investment over five years, labeling it an “infrastructure supercycle.”
- Demand Outpaces Supply: Power emphasizes “you can’t build it fast enough for the customers,” citing supply constraints and multi-year grid connection delays.
- Financing Concerns Addressed: While some worry about tenant creditworthiness (e.g., startups like ChatGPT), Power notes hyperscalers have strong core businesses and often seek to own their real estate.
- Strategic Locations: Investment is focused on key hubs near data consumption, like Northern Virginia, Chicago, Dallas, Singapore, Tokyo, and Frankfurt.
新闻简报：数据中心繁荣未现泡沫担忧
总结
尽管人工智能驱动快速扩张，但行业领袖断言全球数据中心市场并未供应过剩。来自签订长期合同的大型科技公司的需求远超建设速度，支撑了持续增长。
关键点
- 无供应过剩：Digital Realty 首席执行官 Andy Power 表示，来自拥有15年长期合同的真实客户的需求意味着该行业并未供应过剩。空置率处于历史最低水平。
- 巨大增长预测：仲量联行预计，到2030年，全球数据中心容量将从103吉瓦几乎翻倍至200吉瓦，其中人工智能将占全部工作负载的一半。
- 万亿美元投资：仲量联行预测该行业未来五年需要高达3万亿美元的总投资，并将其称为“基础设施超级周期”。
- 需求远超供应：Power强调“为客户建设的速度根本跟不上需求”，并指出了供应限制和长达数年的电网连接延迟。
- 融资担忧得到回应：尽管有人担心租户的信用度（例如像ChatGPT这样的初创公司），但Power指出大型科技公司拥有强大的核心业务，并且通常寻求拥有其房地产。
- 战略位置：投资集中在靠近数据消费的关键枢纽，如北弗吉尼亚、芝加哥、达拉斯、新加坡、东京和法兰克福。
Original Article Link: https://www.cnbc.com/2026/01/13/data-center-reit-ceo-andy-power-not-oversupplied.html