Intelligent Investment
Austin/San Antonio
North America Data Center Trends H1 2024
August 19, 2024 4 Minute Read
Colocation Insights
- The overall vacancy rate remained at a record-low 1.8%.
- Pricing increased due to a continued shortage of available supply.
- Under-construction capacity was 96% preleased.
Market Trends
- Hyperscalers and AI providers continued to show an interest in the market.
- Developers are focused on Austin’s suburbs for land availability.
Notable Activity
- Under-construction activity totaled 463.5 MW in H1 2024, up from 88 MW in H2 2023.
- Growth is primarily occurring both north and south of the Austin metropolitan area.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
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Continued preleasing activity kept vacancy rates historically low.
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Preleasing hit a record-high 94.5% of MW under construction.
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The overall vacancy rate fell to 14.4% in H1 2024 from 19.7% in H2 2023.
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