Intelligent Investment
Denver
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- There is 15 MW of available capacity across 27 regional facilities.
- Just two regional facilities can accommodate large amounts of continuous power and space.
Market Trends
- State legislation to provide sales tax incentives for construction materials and equipment in eligible data centers will be resubmitted for consideration in Q1 2025.
- Colocation development continues to climb with Flexential breaking ground on a fifth Denver data center.
Notable Activity
- CoreSite is seeking tax rebates for an industrial retrofit project.
- Stonepeak and CoreSite formed a joint venture for data center development in Denver.
- Databank delivered an industrial retrofit project adjacent to its existing facility in south Denver.
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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Hillsboro Data Center Market
February 26, 2025 4 Minute Read
Strong demand continued, with rental rate increases across all requirements.
The average size of lease transactions increased throughout the year as companies expanded their footprint.
Enterprise clients are driving Seattle colocation demand.
