JLL Data Center Spending Tops Office at $3.57B and Trust Pays $0.1575 Dividend
Data center construction spending in the U.S. reached $3.57 billion last year, overtaking $3.49 billion in new office builds for the first time and signaling a shift in JLL’s brokerage focus. JLL Income Property Trust declared a $0.1575 per share distribution, its 58th consecutive.
1. Data Center Spending Surpasses Office Construction
U.S. data center construction reached $3.57 billion in 2025, edging past $3.49 billion in new office builds for the first time. Andy Cvengros, JLL’s U.S. data center markets co-lead, warns that AI-driven automation may reduce office demand further, while community pushback over power and water could complicate future projects.
2. JLL Income Property Trust Declares 58th Distribution
JLL Income Property Trust, managed by JLL, announced on March 2 a quarterly distribution of $0.1575 per share. This marks the 58th consecutive distribution, reflecting stable portfolio equity and debt investments totaling approximately $6.9 billion.