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Data Centers Critical to Business Operations

North American Data Center Report H1 2020
August 26, 2020

Key Insights

 

  • Wholesale data centers in primary U.S. markets recorded 134.9 megawatts (MW) of net absorption in H1 2020.
  • New inventory in primary markets grew by 5% in H1, raising the H1 2020 total to 131.1 MW and bringing the total overall footprint of the primary wholesale colocation market to more than 2.7 gigawatts (GW).
  • More than 373 MW of capacity was under construction across primary markets in H1 2020, with Northern Virginia accounting for the lion’s share at 239 MW. More than 100 MW has broken ground so far this year, increasing the pipeline of new deliveries.
  • Increased competition in primary markets led to a 5.8% drop in wholesale colocation asking rates for 250 to 500 kilowatt (kW) requirements this year to an average of $121 per kW/month, compared with $129 in 2019.
  • Northern Virginia accounted for 69% of the 134.9 MW of total absorption among primary markets in H1.
  • Data centers have been one of the real estate sectors least affected by COVID-related issues and the recession, highlighting their critical role in supporting continued business activity.

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For More Information, Please Contact

Richard Barkham, Ph.D.
Global Chief Economist & Head of Americas Research
+1 617 912 5215
Spencer Levy
Chairman, Americas Research & Senior Economic Advisor
+1 617 9125236
Julie Whelan
Head of Occupier Research, Americas
+1 617 912 5229
Pat Lynch
Senior Managing Director
Data Centers
+1 303 6281765
+1 303 6281751
Edward Socia
Director of Research
+1 303 583 2053
+1 315 345 4748
Wei Luo
Associate Director, Capital Markets
+1 212 984 8153
Molly Sackles
Senior Business Development Associate
+1 303 583 2048
+1 303 628 1751

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