Data Center Construction Spending Surges 26% YoY to $41B as AI Infrastructure Build-Out Accelerates

Wells Fargo Economics report shows investment nearly quadrupled since 2021, though growth rate moderates from January's 44 percent peak Data-center development, once a niche corner of commercial real estate, has shifted into a central economic engine as companies expand the infrastructure needed for artificial intelligence tools. That momentum, highlighted in a new Wells Fargo Economics […]