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Data center construction spending reached record pace in July

Annualized outlays topped $75 billion as developers raced to expand AI infrastructure
Data center construction spending reached a record annualized pace in July as developers expanded capacity to meet growing AI demand. Shown is Otava's Ann Arbor data center in Michigan. (CoStar)
Data center construction spending reached a record annualized pace in July as developers expanded capacity to meet growing AI demand. Shown is Otava's Ann Arbor data center in Michigan. (CoStar)
CoStar News
September 1, 2026 | 9:52 P.M.

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Spending on data center construction surged in July as technology companies accelerated the buildout of infrastructure needed to support artificial intelligence, according to newly released government data.

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