Intelligent Investment
Charlotte/Raleigh
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- American Tower plans to deliver 1 MW of capacity at a Raleigh cell tower site.
- Developers are increasingly willing to build on spec in this historically build-to-suit market.
Market Trends
- Duke Energy is pushing back delivery commitment timelines to 2030 for requirements of 100 MWs or more due to power generation constraints.
- Greenfield land development activity is at an all-time high.
- A shortage of available sites with power is forcing developers to make commitments north and northeast of Charlotte along I-77 and I-85.
Notable Activity
- PowerHouse (AREP) acquired 122 acres in Charlotte.
- Digital Realty acquired 155 acres in Charlotte.
- Microsoft acquired 1,385 acres in Person County.
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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