New York Governor Kathy Hochul signed an executive order placing a one-year moratorium on permits for new data centers consuming 50 megawatts or more of power. The order makes New York the first US state to implement a blanket construction halt of this kind. The policy targets large-scale facilities at the scale that hyperscalers and colocation providers typically require.
New York is one of the densest markets for data center demand in the US, and a 12-month permit freeze directly slows capacity expansion for operators and their construction suppliers in the region. Companies with existing New York footprints are insulated for now, but anyone planning a new facility faces a hard stop that shifts demand to competing states like New Jersey, Virginia, and Texas. Colocation REITs and hyperscalers with New York-heavy expansion plans carry the most near-term exposure.
July 2025 onward: watch for rival states announcing fast-track data center permitting programs to capture displaced demand. Next quarterly earnings for DLR, EQIX, and AMT: management commentary on New York pipeline impact.
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