A new wave of data center demand is coming to New Jersey, but supply may be tighter than ever

Demand for data center space in New Jersey is surging on the back of Big Tech and the artificial intelligence arms race. And while a lack of electrical capacity may keep a lid on new supply, the owners of existing facilities are now racing to expand their footprints.

CBRE: Banks, cloud service firms fuel uptick in tristate data center demand

The data center market in and around New Jersey saw a notable rebound in the first half of 2021, thanks in large part to demand from the financial services sector.