Intelligent Investment
Charlotte/Raleigh
North America Data Center Trends H2 2023
March 6, 2024 4 Minute Read
Colocation Insights
- No large blocks of continuous colocation space (2 MW+) are available in the market.
- Although leasing activity is low, there is an uptick in LOIs or verbal commitments for significant deals in Q1 2024.
Market Trends
- More industrial developers are showing interest in the data center industry.
- Interest in land adjacent to the Microsoft facility in Catawba County is high, but there is low power availability in the area.
- Many developers are pursuing large scale projects for hyperscalers.
Notable Activity
- QTS purchased 400 acres for its data center project in York, SC, near Charlotte.
- A 123-acre site in Northeast Charlotte was recently entitled for data center use.
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
Explore Markets
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A major hyperscaler is seeking 4,000 MW in the Atlanta market.
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Lack of supply is causing a price increase across all requirements.
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Public cloud providers and AI companies leased most of this market’s available space.
Related Service
- Property Type
Data Center Solutions
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