Lack of Energy Pushes Rental Will increase in Main U.S. Data Center Markets: CBRE

Public cloud suppliers and AI firms are driving strong demand for knowledge facilities in North America, CBRE says. All 4 main markets studied within the report — northern Virginia, Chicago, Dallas-Fort Price and Silicon Valley — had “main” year-over-year internet absorption will increase, led by northern Virginia, which noticed a internet absorption of 

As absorption rises, North American knowledge middle availability continues to grow to be extra restricted. Regardless of important provide additions from the primary quarter of 2023 to the primary quarter of 2024, new stock was quickly crammed, tightening the leasing market, per the report. Northern Virginia skilled the most important discount in leasing availability, down 16.2 MW, adopted by Chicago, which noticed a 10.6 MW lower, and Dallas, which dropped 1.5 MW. Silicon Valley was the one main market to see a rise, with availability rising 19 MW in that timeframe.  

On the heels of excessive demand in North America, knowledge middle pricing is escalating quickly. Averaging asking charges for a typical 250- to 500-kilowatt requirement surged 20% 12 months over 12 months throughout all 4 main U.S. markets, CBRE says…

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