Intelligent Investment
Hillsboro
North America Data Center Trends H1 2023
September 6, 2023 4 Minute Read
Colocation Insights
- AI and machine learning demand is complementing cloud service provider demand.
- Power availability remains a widespread issue for occupiers seeking >5 MW.
Market Trends
- Development in eastern Oregon, along the Columbia River, is appealing due to low power costs, available land and renewable energy supply such as hydropower. This is of particular interest to hyperscalers.
Notable Activity
- Flexential is planning a 36 MW data center expansion in Hillsboro.
- Crane Data Centers partnered with Principal Asset Management to develop a 100 MW campus.
- Aligned is planning a 108 MW campus in Hillsboro, nearby Stack, QTS and NTT.
Figure 1: New Market Development Information
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 2: New Market Inventory and Vacancy
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 3: % of Total Primary Market Inventory
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Figure 4: Market Fuel Mix
Source: PGE.
Figure 5: Average Asking Rates
Source: CBRE Research, CBRE Data Center Solutions, H1 2023.
Explore Markets
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Central Washington’s data center presence mostly consists of hyperscale and single-tenant facilities, with limited colocation options.
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Hyperscale requirements and demand continue to drive leasing and absorption in Denver, Aurora and Colorado Springs.
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An existing tenant in Centeris Data Center in South Hill expanded their leasing space by 2 MW.
Report Contacts
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Data Center Solutions
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