Intelligent Investment
Hillsboro
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- Strong demand continued, with rental rate increases across all requirements.
- Vacancy remained virtually nonexistent in the colocation market.
Market Trends
- Small Modular Reactor development is being considered in Umatilla and surrounding Eastern Oregon cities.
- Power timelines extended into the 2030s for delivery.
Notable Activity
- A data center development by Crane in Forest Grove secured city council approval.
- Aligned completed construction of PDX-01.
- Power constraints continued to delay new data center development.
Figure 1: New Market Development Information
Figure 2: New Market Inventory and Vacancy
Figure 3: % of Total Primary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
Explore More Markets
The average size of lease transactions increased throughout the year as companies expanded their footprint.
Enterprise clients are driving Seattle colocation demand.
- Local Response | Intelligent Investment
Silicon Valley Data Center Market
February 26, 2025 4 Minute Read
Underlying demand for securing capacity in Silicon Valley is driving steady colocation interest.
