Article

In January 2026, data center construction starts totaled $25.2 billion, the highest monthly figure since 2020, including 20 projects and four major developments valued at $10 billion and $1.8 billion, among others. The trailing twelve-month total is now $103.7 billion.

Costs per square foot rose from $183 in 2020 to a projected $488 in 2026. The Southeast dominated with over 56% of near-term spending, while Texas is becoming a key focus for new projects amid increasing power demand. The Electric Reliability Council of Texas reported a rise in interconnection requests, indicating significant interest from data centers.