US data-center securitization 2025 (~$15B ABS + ~$11B CMBS) → gross ABS+CMBS supply projected $30–40B/yr in 2026–27; Morgan Stanley puts net 2026–28 issuance near $130B, ~75% of it ABS
~$26B (ABS+CMBS) → $30–40B/yrforecast
| Value kind | forecast — Forecasts are time-bound outlooks, not specifications; test decisions across plausible scenarios. |
|---|---|
| Caveat | Scope matters here: ~$26B (2025) is data-center ABS+CMBS combined, not GPU-backed ABS. JLL's midyear print (2026-08-11): $17B of combined SASB/CMBS+ABS data-center volume in H1 2026 alone (+29% YoY) — running ahead of the $30–40B/yr projection. |
| As of | 2026-02 |
| Source | JPMorgan / Morgan Stanley · JPMorgan: annual data-center securitization $30-40B in 2026 and 2027 (7-10% of combined CMBS+ABS), up from about $27B in 2025 (claim rounds 2025 base to ~$25B); the GPU-backed-ABS-to-$25B-by-2028 sub-figure is not in this article |
| Review | checking…review by 2026-08-25 · fast cadence |
| Recorded changes | last 2026-07-26 · 2 revisions tracked |
| Claim id | data-center-abs-issuance-2025-2026-27-projected |
Where the guide uses it
Not quoted in a chapter yet; it is kept in the curated register.
← Full numbers register — every date-stamped figure in the guide, with revision history.