Driven by accelerating AI adoption, cloud computing demand and digital infrastructure investment, global capacity under construction approached 31.7 gigawatts (GW) in 2025, more than doubling from 12.5GW reported in the prior edition of the report. At the same time, developers, occupiers and investors are facing intensifying constraints tied to power availability, land use, permitting timelines and growing regulatory scrutiny. The report analyzes 107 global markets across 24 variables tied to commercial real estate fundamentals, power infrastructure, development activity, regulation and operational risk and provides a more forward looking approach to evaluate market dynamics than previous editions. Cushman & Wakefield – Dallas, Texas Ranked No. 1 Primary Data Market in the World as AI Demand, Power Constraints and Regulation Reshape CRE Strategy