Intelligent Investment
Austin/San Antonio
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- The overall vacancy rate remained near a record low at 2.5%.
- Pricing increased due to a continued shortage of available supply.
- Under-construction capacity is 97% preleased.
Market Trends
- Hyperscalers and AI providers continued to show an interest in the market.
- Developers are focused on the northeast suburbs of Austin for available land served by Oncor.
Notable Activity
- Under-construction activity totaled 466.5 MW in H2 2024, up from 88 MW in H2 2023.
- Growth is primarily occurring both north and south of the Austin metropolitan area.
- Regional utility providers are being approached for historically large power requests.
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
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Dallas-Ft. Worth Data Center Market
February 26, 2025 4 Minute Read
Colocation space currently under construction will double the size of the Dallas-Ft. Worth data center market by year-end 2026.
The overall vacancy rate fell to 14.9% in H2 2024 from 19.7% in H2 2023.
