Data-center demand hasn’t slowed — but approval has.

In today’s CRE360 Signal, we break down why zoning boards and grid operators are no longer tolerating unlimited data-center growth, and how informal constraints are hardening into enforceable limits. From Kansas City’s zoning escalation to ERCOT’s growing interconnection backlog, the market is shifting from negotiation to governance.

We explain why feasibility risk is moving upstream, which development strategies are now structurally exposed, and why access to power — not capital or tenants — is becoming the defining competitive advantage.