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Data Center Construction Spending Reaches $85 Billion, a New Record

According to the Census Bureau, private data center construction expenditure surged over 73% year-over-year in August, reaching nearly $85 billion annually. This marks the fastest growth since April 2025 and positions data centers as over 63% of all private office construction, surpassing general office projects for the first time since 2014. The data excludes spending on racks or servers and does not specify reasons for the increase.