Intelligent Investment
Southern California
North America Data Center Trends H2 2024
February 26, 2025 4 Minute Read
Colocation Insights
- Available capacity was limited to 5 MW, curtailing fulfillment of large-scale AI requirements.
Market Trends
- Annual net absorption hit a record 22.7 MW in 2024 as the market added more capacity.
- All existing under-construction projects have been fully preleased.
Notable Activity
- Prime Data Centers delivered the initial phase of multi-MW capacity in Vernon to support multiple tenants.
- New market entrant CalEthos plans an initial 420 MW of capacity in Lithium Valley.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
*Includes solar, wind, geothermal, biomass and small hydro.
Figure 5: Average Asking Rates
Explore More Markets
Just two regional facilities can accommodate large amounts of continuous power and space.
The average size of lease transactions increased throughout the year as companies expanded their footprint.
- 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.
