Morgan Stanley's July 16, 2025 forecast for annual US data-center ABS issuance: $10B in 2025 rising to $37B in 2028
~$10B (2025) → ~$37B (2028)forecast
| Value kind | forecast — Forecasts are time-bound outlooks, not specifications; test decisions across plausible scenarios. |
|---|---|
| Scope | Historical forecast for US ABS only; excludes CMBS and GPU-backed structures. CREFC's February 2026 preliminary estimate for 2025 ABS issuance was about $15B. |
| Caveat | Morgan Stanley's CMBS forecast is separate ($7B in 2025 rising to $25B in 2028), so $25B is not the ABS figure. |
| As of | 2025-07 |
| Source | Morgan Stanley Research, Bridging a $1.5tr Data Center Financing Gap, July 16, 2025 · Exhibit 39, printed page 28 |
| Review | checking…review by 2026-12-01 · fast cadence |
| Recorded changes | last 2026-10-05 · 5 revisions tracked |
| Claim id | data-center-abs-issuance-2025-projected-2028 |
Where the guide uses it
← Full numbers register — every date-stamped figure in the guide, with revision history.