Data Center Demand Surges Amid Worker Shortage and Record Low Vacancies
The demand for data centers is experiencing unprecedented growth, particularly in North America, where vacancy rates have plummeted to a historic low of 2.6 percent. Factors driving this surge include the increasing appetite for AI and hyperscaler capabilities, with JLL and other analysts noting a significant investment influx expected to reach $1 trillion by 2030. However, this boom is met with challenges, including critical grid limitations and a pressing shortage of skilled trade workers needed to support the expanding infrastructure. As tech giants invest heavily in data centers, the industry confronts a staffing crisis, exacerbating the struggle to meet rising demands.
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