JLL

Texas is set to become the global leader in data center capacity, surpassing Virginia. This shift is driven by surging demand from hyperscalers and AI, coupled with historically low vacancy rates. A significant 92% of the construction pipeline is already pre-committed, indicating sustained demand through 2030. However, power availability poses a major challenge, pushing expansion into new markets and prompting interest in on-site power generation.

JLL has appointed Michael Colacino as CEO of Americas Leasing Advisory, succeeding John Gates, who will now serve as Executive Chairman. This leadership change aims to foster growth and innovation, leveraging Colacino’s extensive experience in commercial real estate and technology, and Gates’ market expertise and client relationships. The transition is designed to ensure continued strong service for JLL’s leasing clients across the Americas.