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From what I've seen across a few sites, things are still pretty busy. We're onboarding new clients and expansion projects are still moving forward. Hiring might be a bit tighter in some non-essential roles, but core operations and project management seem to be fully staffed and active. Definitely not seeing widespread 'heat' or major restructuring. Might be department-specific or regional differences, though.
Honestly, it feels like business as usual in my area. The demand for data center space isn't really slowing down, if anything, it's accelerating with AI and cloud growth. There are always internal discussions about efficiency and resource allocation, but that's standard operating procedure. No major alarm bells ringing or widespread freezes I'm aware of. Keep an eye on the next earnings, but on the ground it's steady.