Yup, demand's that strong
Since 2023, the leasing rate for datacenters in North America that haven't even been fully built yet has shot up and now stands at 84 percent for the first quarter of this year.
Not all landlords are keen to renew, as ending a lease to free up capacity that can be leased again at a higher rate is possible.Datacenters looking to renewables, nuclear, and gas, in quest for more powerNaturally, as there's significant demand for datacenters and computing capacity, the monthly cost to rent has gone up as well. 2022 saw a 14.5 percent increase over 2021, and 2023 has accelerated that to 18.6 percent over 2022.
Not that new datacenters can be built all that quickly, as the usual timeline from start to finish is between one and three years.
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