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Data centers attract an increasing share of construction spending

Surge in building also supports domestic semiconductor production
Google’s Omaha data center campus is one of the largest data center projects underway in the U.S. (CoStar)
Google’s Omaha data center campus is one of the largest data center projects underway in the U.S. (CoStar)
CoStar Analytics
December 12, 2025 | 7:20 P.M.

U.S. industrial construction spending is undergoing a major shift, with data centers emerging as one of the most important drivers of this development. These massive facilities are not only reshaping the construction landscape but are also fueling demand for semiconductors, the critical components that power modern computing.

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News | Data centers attract an increasing share of construction spending