Intelligent Investment
Phoenix
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- Absorption of space and power increased significantly with 242.8 MW of new inventory delivered in 2024.
- The average size of lease transactions increased throughout the year as companies expanded their footprint.
Market Trends
- Developers and hyperscale companies acquired more sites for new development.
- Cities instituted more restrictions on new data center development.
Notable Activity
- Microsoft, Compass and Amazon Web Services acquired land for future development.
- Solar power providers are utilizing battery storage initiatives to help maximize generation.
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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Silicon Valley Data Center Market
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Underlying demand for securing capacity in Silicon Valley is driving steady colocation interest.
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Southern California Data Center Market
February 26, 2025 4 Minute Read
Available capacity was limited to 5 MW, curtailing fulfillment of large-scale AI requirements.
