Intelligent Investment
Central Washington
North America Data Center Trends H2 2023
March 6, 2024 4 Minute Read
Colocation Insights
- Supply constraints continue to impact available colocation lease availability.
- Most of the market consists of preleased single-tenant facilities. Demand remains strong.
Market Trends
- Power rates remain near all-time lows and are cheaper than in other U.S. markets, despite a slight increase this year.
- The region’s green power, the state’s data center tax exemptions and low power costs are driving continued demand.
- Developers are securing positions in utility company queues for future power delivery to planned projects.
- Hyperscalers and data center developers are combing the region for suitable sites.
Notable Activity
- H5 Data Centers completed a 10.5-MW lease at its Quincy facility.
- Sabey Campus (SDC Columbia Building D) in East Wenatchee is delivering an additional 7.6 MW in Q1 2024.
- Sabey and Vantage have each acquired additional parcels adjacent to their respective Quincy campuses.
- CyrusOne’s fast-track Quincy development is due for completion in 2024.
Figure 1: New Market Development Information
Figure 2: New Market Inventory and Vacancy
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
Explore Markets
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Databank brought 2 MW online at its new facility in Centennial.
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CoreWeave leased space at Flexential’s campus.
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Centeris Data Centers leased 10.5 MW to a retail provider.
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