IndustryBloomberg|March 12, 2026
Microsoft and Meta have accumulated $700 billion in aggregate data center lease obligations, per Bloomberg. The number points to a multi-decade infrastructure buildout with no sign of slowing.
- Microsoft spent $11.1 billion on data center leases in Q1 2026 alone
- Microsoft plans to roughly double its data center footprint over the next two years
- The combined $700B includes both operating leases and capital lease commitments globally
- These commitments represent decades of locked-in demand for power, cooling, and construction services







