Intelligent Investment
Dallas-Ft. Worth
North America Data Center Trends H1 2024
August 19, 2024 4 Minute Read
Colocation Insights
- Preleasing hit a record-high 94.5% of MW under construction.
- Strong preleasing and a shortage of available supply drove price increases across all requirements.
- Demand by hyperscalers and AI providers remained strong.
- Total inventory increased by 4.5% to 591.0 MW.
Market Trends
- Inability to satisfy an unprecedented amount of power requests slowed construction delivery timelines.
- Land prices continued to increase in South Dallas.
Notable Activity
- Hyperscalers, developers and AI companies continued to show strong interest in Dallas.
- Land inquiries and power requests to the local utility company continued to rise.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Primary 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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The overall vacancy rate remained at a record-low 1.8%.
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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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