Intelligent Investment
Austin/San Antonio
North America Data Center Trends H1 2023
September 6, 2023 4 Minute Read
Colocation Insights
- Vacancy is at 1.7%, nearly an all-time low.
- Pricing continues to rise across all requirement sizes.
- Hyperscaler and enterprise activity remains robust.
Market Trends
- New development continues in the Oncor Electric Utility territory of Austin.
Notable Activity
- CloudHQ acquired 123 acres in Texas Research Park.
Figure 1: Historical Market Information
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 2: Historical Supply and Demand
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 3: % of Total Secondary Market Inventory
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 4: Market Fuel Mix
Source: Austin Energy.
Figure 5: Average Asking Rates
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Explore Markets
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Hyperscale requirements and demand continue to drive leasing and absorption in Denver, Aurora and Colorado Springs.
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Vacancy is down to 24%, from 33% in H2 2022.
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Data providers continue to scout available land and conversion opportunities in the North Valley, as development opportunities remain limited in downtown LA.
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