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DFW second nationwide in data center market

​​​DALLAS – Data center demand reached record levels in 2023 as net leasing was seven times the 2020 rate, according to a Cushman & Wakefield report.

With less than 4 percent of data center space vacant at the end of 2023 and 1.4 million sf under construction, DFW is second only to northern Virginia in the data center market.

Data centers averaged a 30 percent return in 2023, making it the most profitable commercial property sector. ​