Private data center construction in the United States reached an annualized pace of $49.5 billion as of March 2026, according to Statista data, with data centers now accounting for 45.7 percent of all private office construction put in place, up from just 12.8 percent in 2021. Private spending on data center construction totaled $41.1 billion in 2025, a steep climb from $1.8 billion in 2014.

Hyperscaler budgets are driving the surge. For 2026, Amazon projects about $200 billion in capital spending, Alphabet $175 billion to $185 billion, Meta $115 billion to $135 billion, Microsoft tracking toward $120 billion or more, and Oracle around $50 billion.

Combined, the largest five operators are expected to spend more than $600 billion in 2026, a 36 percent year-over-year increase, with roughly 75 percent, or about $450 billion, aimed directly at AI infrastructure.

The global picture is equally striking. Research firm Dell'Oro Group forecasts that worldwide data center capital expenditure will surpass $1 trillion for the first time in 2026, led by AI and cloud demand.

Source: Statista - https://www.statista.com/topics/13572/data-center-construction-in-the-united-states/