Data Center Emptiness Price Hits Document Low in H1 2024 – CBRE

General knowledge heart emptiness charges for major markets fell to a report low of 2.8% within the first half of 2024, from 3.3% within the yr prior, with almost 80% of greater than 3.87 GW underneath development in major markets preleased, based on CBRE’s H1 2024 North America Data Center Tendencies report launched Monday (August 19). 

Whereas cloud suppliers continued to lease a lot of the out there energy capability, synthetic intelligence suppliers additionally accounted for a substantial quantity of demand, CBRE says. Pricing continued to extend, however at a slower charge than final yr, with a 7% bump within the common month-to-month asking charge for a 250- to 500-kilowatt requirement throughout major markets within the first half of 2024.

As demand for high-power computing functionality intensifies, a big value hole has emerged between new knowledge facilities and legacy amenities, with many present knowledge facilities missing the infrastructure to assist the demanding workloads required. Energy availability remained a high consideration in knowledge heart web site choice as effectively, CBRE says. 

Within the first half of 2024, provide in major markets elevated 10% yr over yr, or 515 MW, and by 24%, or 1,100 MW, yr over yr based on the report. Though under-construction exercise in major markets scaled to a report excessive 3,872 MW – a 69% climb yr over yr – delays in development completion persist because of a scarcity of accessible energy and longer lead instances for electrical infrastructure, CBRE says. 

Associated:AI Revolution Will Add Gasoline to Data Center Increase, BlackRock Says

Atlanta noticed a 76% year-over-year enhance in under-construction exercise, reaching 1,289.1 MW, and led all major markets with a 26% year-over-year enhance in pricing because of robust demand for AI suppliers, the report says. Austin and San Antonio greater than quadrupled under-construction exercise yr over yr to 463.5 MW. 

Proceed studying this text in Amenities Dive.