Marshall & Stevens provides tailored valuation and consulting solutions for the data center sector, supporting investment decisions, risk management, and regulatory compliance. Our multidisciplinary approach integrates real estate, equipment, finance, infrastructure, and tax, offering holistic insights to data center owners, operators, investors, and lenders.
Related Resources
Download our article Power First, Capital Next: What’s Driving Data Center Growth.
U.S. data center revenue will hit $137 billion in 2025
Growth brings new challenges. Energy strategy, regulations, and making sure your investments are accurately valued. Our specialists provide tailored valuation and consulting solutions for the data center sector, supporting investment decisions, risk management, and regulatory compliance.
The data center industry is evolving at an unprecedented pace, driven by advancements in cloud computing, artificial intelligence, and the increasing demand for data storage and processing. As data centers grow in complexity and significance, accurate valuations and expert advisory services are essential.
Thank you to the accomplished professionals who shared their knowledge and experience in our two-part virtual series, offering a strategic perspective of how energy, capital, and construction are shaping the next generation of data centers:
Part One: Moderator: Ralph Consola, Marshall & Stevens. Panelists: Anthony Orso, Newmark Group, Christy Rivera, Norton Rose Fulbright LLP, Winston Connolly, Connolly Inc., Sam Sixt, I Squared, Charles Miller, NgenX Energy.
Part Two: Moderator: Fernando Sosa, Marshall & Stevens. Panelists: Charles Miller, NgenX Energy; Akash Deshpande, SkyBlue AI; Anthony Festa, Marshall & Stevens; Paul Costanzo, Kais-AIR; Dino Barajas, Baker Botts LLP.
Insights from the Forum include the following documents:
Power First, Capital Next: What’s Driving Data Center Growth
Marshall & Stevens - Data Centers Valuation
Our multidisciplinary team offers holistic insights to data center owners, operators, investors, and lenders. Our approach to data center valuation integrates deep expertise in real estate, critical equipment, financial modeling, tax optimization, and litigation support. Our team ensures that every aspect of a data center’s value is accurately assessed and strategically positioned.
Multidisciplinary Data Center Valuation
Data Center Frequently Asked Questions
Why is the data center market experiencing such rapid growth?
The global data center market is expanding due to the increasing demand for cloud computing, artificial intelligence (AI), digital transactions, and data storage. In 2025, global revenue is projected to reach approximately US$452.50 billion, with the U.S. contributing US$137.50 billion. The surge is driven by rising internet use, remote work trends, and digital content consumption.
What are the key financial incentives available for data centers?
Data centers benefit from Investment Tax Credits (ITCs) and Tax Equity Financing, particularly when integrating renewable energy solutions. These tools help reduce tax liabilities and attract investor capital for large-scale projects. However, eligibility depends on state and federal regulations, and such programs may change, requiring ongoing monitoring.
How are energy storage systems (ESS) being used in data centers?
ESS are vital for ensuring reliability, cost savings, and sustainability. They store energy during off-peak hours, maintain operations during outages, and support renewable energy integration. These systems align with corporate environmental goals and help manage fluctuating energy demands.
What valuation services does Marshall & Stevens offer for data centers?
Marshall & Stevens provides a comprehensive suite of services including:
- Real Estate Valuation for market value and infrastructure assessments.
- Machinery & Equipment Valuation covering IT systems, power, and cooling.
- Financial Valuation & Advisory, including purchase price allocations and feasibility studies.
- Energy & Infrastructure Advisory, focused on energy efficiency and renewables.
- Cost Segregation & Tax Consulting for depreciation optimization and tax credit identification.
- Litigation Support with expert witness services and dispute assessments.
What geographic areas are emerging as key data center hubs?
The U.S. states of Northern Virginia, Texas, and Arizona are leading data center real estate development due to infrastructure availability and state incentives. These regions are seeing significant investment and expansion, supported by favorable regulatory environments.
Data Center Valuation Contacts at Marshall & Stevens
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Managing Director & National Practice LeaderMachinery & Equipment Valuation201.803.0702 [email protected]
Relevant Insights
Marshall & Stevens Data Centers White Paper
Read our white paper about the data how center industry is evolving at an unprecedented pace, driven by advancements in
cloud computing, artificial intelligence, and the increasing demand for data storage and processing.
Author: Patrick Craig, MAI, MRICS, CREA, Principal and Managing Director, Marshall & Stevens
Power First, Capital Next: What’s Driving Data Center Growth
This document captures the key takeaways from both of our Data Centers Forum.
Across both sessions, discussions emphasized that power scarcity is now the ultimate constraint on growth, and that financing, modular innovation, and integrated energy strategies will define the next wave of digital infrastructure.