Intelligent Investment
Minneapolis
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- Little new supply was delivered in H2 2024.
Market Trends
- Greenfield development activity is increasing outside the central business district.
- Amazon was the first major cloud service provider to acquire land in Minneapolis.
Notable Activity
- Archer Datacenters has acquired land south of Minneapolis for a 120-MW campus.
- Amazon purchased a 350-acre parcel northwest of Minneapolis in Becker.
- Digital Realty sold a former data center to the Dakota County Community Development Agency.
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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Demand continued to be driven by hyperscale and enterprise activity, resulting in higher asking rental rates.
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