Gravis sees data center capacity doubling to 200GW by 2030 as occupancy runs at 97%
XLRE•Gravis Capital Management projects global data center capacity will reach about 200GW by 2030, with occupancy at 97% and rental growth of around 5% annually. Equinix targets 9%-12% annual growth in adjusted funds from operations per share over a similar period.
1. Capacity and occupancy
Gravis Capital Management’s industry note projects global data center capacity will reach about 200GW by 2030. It estimates global occupancy at 97% and forecasts rental growth of around 5% a year through 2030.
2. Supply constraints and outlook
The note says political pushback over power and water use could constrain new supply, raising the value of operating assets. It cites Equinix and Digital Realty as major listed pure plays with combined market capitalization above $150 billion; Equinix targets 9%-12% annual growth in adjusted funds from operations per share over a similar period.
