Intelligent Investment
Denver
North America Data Center Trends H2 2023
March 6, 2024 4 Minute Read
Colocation Insights
- Databank brought 2 MW online at its new facility in Centennial.
- Leasing activity was relatively muted due to a lack of multi-MW space available in any individual data center.
- An AI company leased space in this market. Numerous other AI companies are seeking individual spaces that can accommodate large power volumes.
Market Trends
- A lack of tax incentives has impeded this market’s growth but favorable legislation will be considered this year.
- Data center developers remain focused on Aurora, due to land and power availability.
Notable Activity
- There is 17 MW of available capacity across 27 regional facilities.
- Currently, only two regional facilities can accommodate large amounts of continuous power and space.
- Active construction activity is up 219% from H1 2023 to H2 2023.
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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CoreWeave leased space at Flexential’s campus.
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Rental rates remain firm as space and power supply declines.
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Centeris Data Centers leased 10.5 MW to a retail provider.
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