AI data center tenants now want more than $5 million a day for delays

Hyperscalers and AI labs are writing steep penalties into leases as power, permitting and equipment bottlenecks push completion dates back The companies renting AI data centers have stopped asking nicely. Tenants are now demanding more than $5 million per day in penalties when landlords fail to deliver power or finished facilities on time. Earlier this year, that figure sat at about $1 million per day. In other words, the price of being late has grown roughly fivefold in a matter of months, and the people building these campuses are the ones holding the bill. The tenants driving this shift are mostly hyperscalers and AI labs, the deep-pocketed buyers of compute that every developer wants on a long-term lease. Their leverage is showing up in the contracts.

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