Intelligent Investment
Dallas-Ft. Worth
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- Colocation space currently under construction will double the size of the Dallas-Ft. Worth data center market by year-end 2026.
- 605.6 MW of under construction colocation space is 87% preleased.
- Demand by hyperscalers and AI providers remained strong.
- Total existing inventory increased by 4.3% year-over-year to 591 MW.
Market Trends
- Further expansion of the Dallas-Ft. Worth data center market depends on results of the Oncor Regional Transmission Plan to increase high-voltage transmission lines and upgrade existing infrastructure.
- Pricing of data center development sites continued to increase.
Notable Activity
- Hyperscalers, developers and AI companies continued to show strong interest in the Dallas metro area.
- Land inquiries and power requests to the local utility company continued at an unprecedented rate.
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
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Austin/San Antonio Data Center Market
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The overall vacancy rate remained near a record low at 2.3%.
The overall vacancy rate fell to 14.9% in H2 2024 from 19.7% in H2 2023.
