From AI to Absorption: Office Demand, AI Talent Concentrations, and What it Means for Data Centers

Emerging Markets Primarily Located in The Sunbelt

With the exception of Portland and Salt Lake City

AI-Related Jobs & Growth In Emerging Markets

94%

250

100%

84%

90%

81%

200

80%

66%

70%

63%

61%

57%

150

60%

51%

49%

45%

50%

Thousands

100

40%

30%

30%

50

20%

10%

0

0%

Dallas/Fort Worth

Atlanta Denver/Boulder

Phoenix

Houston

Miami

Raleigh/Durham Salt Lake City/Provo

Portland

Charlotte

Nashville

2012 Jobs 2023 Jobs 2012 - 2023 % Change

Source: Cushman & Wakefield Research, Lightcast, 2023

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