Intelligent Investment
Dallas-Ft. Worth
North America Data Center Trends H2 2023
March 6, 2024 4 Minute Read
Colocation Insights
- Lack of supply is causing a price increase across all requirements.
- Hyperscale and AI interest remained strong in H2 2023.
- Inventory increased by 13%, from 499.5 MW in H1 2023 to 565.3 MW in H2 2023.
- Preleasing activity remained incredibly strong, with 89.7% of MW under construction preleased.
Market Trends
- Land prices have increased in South Dallas over the past three years.
- Hyperscalers and developers are increasingly interested in this market.
Notable Activity
- Regional occupier demand has increased in this market, leading to a surge of land inquiries from developers. As a result, land availability is rapidly decreasing.
- Skybox Datacenters announced a 300-MW build-to-suit campus.
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
Explore Markets
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A major hyperscaler is seeking 4,000 MW in the Atlanta market.
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Vacancy remains near its all-time low, at 1.8%.
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Vacancy is down from 24% in H1 2023 to 19.7% in H2 2023.
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