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1、CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWPRIMARY MARKETS:Virginia,Atlanta,Phoenix,Chicago,Dallas,Columbus,Portland and Eastern Oregon,Silicon ValleySECONDARY MARKETS:Austin,Toronto,New Jersey and New York,Montreal,So Paulo,Bogot,Quertaro,SantiagoFEATURED IN THIS UPDATEAMERICASDATA CENTE

2、R H2 2024 UPDATEH2 2024CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWH2 2024 UPDATEAMERICAS DATA CENTER UPDATE H2 2024Artificial Intelligence(AI)continued to be a topic of interest to the data center industry in 2024,and demand for capacity has grown to reflect that interest over the course

3、of the year.The construction pipeline swelled in the second half of the year,with 6.4GW of capacity underwaymost of which has already been leased,as large-scale contiguous live capacity remains scarce.Power constraints remain the top challenge for hyperscale and colocation providers,heavily influenc

4、ing site selection and driving expansion into less established data center markets across the region.Many regional utility providers have gigawatts of unfulfilled requests.Available space in operational data centers is scarce throughout the Americas,with just 607MW available across 569 facilities in

5、 North,Central and Latin America.Much of this space is 1MW or less,driving heightened leasing activity in the growing development pipeline.Of the 6.4GW currently under construction,83%is already committed,with another 17%of planned capacity spoken for.The total planned data center pipeline has surge

6、d to 46GW,as demand for cloud computing and AI continues to accelerate.Power availability remains the top consideration for data center developers,with operators seeking two-to three-year delivery times but often facing delays of five years or more.Where utility providers cant provide power sooner,s

7、ome operators have collaborated with power companies to deliver substations,transmission lines or tap into microgrid power.Many of these agreements are being signed directly with third-party energy generation developers,accelerating wind,solar,battery storage,natural gas and geothermal projects.In m

8、arkets like Atlanta and Silicon Valley,new power generation plans to ease constraints are being created or are newly in place.Meanwhile,a growing segment of hyperscale users is exploring the feasibility of implementing small modular reactors(SMRs)to meet power needs,though deployments of this techno

9、logy are at least five years away.Hyperscale development in the Americas is largely driven by power availability first,with land values and availability secondspurring activity in periphery markets.Occupiers remain focused on availability and,unlike hyperscale users,are often bound to specific marke

10、ts.North America continued its high-growth trajectory,reaching 20GW of operational capacity,with 1.5GW added in H2 2024,bringing the total capacity added for the year to 3.2GW.Virginia remains the largest data center market globally,with 5.9GW in operation,1.8GW under construction,and 15.4 GW planne

11、d.Following Virginia in operational capacity are other large markets:Portland and Eastern Oregon(2GW),Columbus(1.8GW),Phoenix(1.5GW),Dallas(1.4GW),and Chicago(1.2GW),all of which have seen continued activity despite varying power availability limitations.With power and component lead times constrain

12、ing delivery of new supply,vacancy region-wide is currently at 4.9%,driving 83%of deliveries to be preleased and placing upward pressure on lease rates.Interest in large-scale power availabilities,plentiful land and less strict latency requirements for AI has driven hyperscalersand operators to expa

13、nd into historically peripheral markets like Indianapolis,Kansas City,Reno,Charlotte,Salt Lake City,Minneapolis,Philadelphia,Montgomery,and other outlying areas.CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWUNITED STATESCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWVIRGINIAAMERICAS P

14、RIMARY MARKETKEY INDICATORS*924MW2024 Colo Leasing5,926MWIn Operation1.5%Colo Vacancy1,834MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWVirginia continue

15、s to see high levels of growth and tight market vacancy with limited availability in operational data centers.To satisfy their demand,occupiers are largely looking for data centers currently under construction or in the planning stages.Operators have remained bullish on the worlds largest data cente

16、r market and continued their trend of expanding pipelines despite the many challenges surrounding land and power availability in the Virginia market.Currently,1.8GW of capacity is under construction,with 89%preleased,while 15.4GW is in the planning stage,with 9%preleased.At 1.6%,vacancy is extremely

17、 tight,but it only partially explains the tightness of Virginias data center marke,t as it largely consists of small amounts of available capacity spread across numerous data centers.For example,the largest available capacity in a single operational data center in the entire state is 10.0MW,located

18、in Richmond.Beyond that,only two operational data centers offer more than 5MW,while nine have between 1MW and 4.9MW available,and 31 have less than 1MW.Many occupiers currently in the market are looking for more contiguous capacity than the market can support,which is why their attention has turned

19、to the development pipeline.Land constraints are another significant challenge,driving up land values and pushing transactions farther from the NoVA core.However,established submarkets,like Ashburn,still have available parcels.Operators seeking to capitalize on the submarkets extensive data center i

20、nfrastructure are paying over$4 million per acre.Despite the high cost,data center land transaction activity is still prominent throughout the state,even as power delivery timelines for new data centers extend beyond 2029.However,while there is a high degree of speculation activity for land between

21、Fredericksburg and Richmond,land acquisitions in this area are currently hindered by labor constraints for transmission infrastructure upgrades needed for further data center development.Power constraints continue to be the norm in Virginia,as Dominion Energy,which supplies the area with power,has s

22、truggled to meet growing power demand from existing data centers and those currently under construction.However,long-term relief may come as nuclear power gains traction,the viability of small modular reactors becomes clearer,and Dominion strengthens its transmission network while advancing plans to

23、 increase generation and improve transmission infrastructure.ECOSYSTEM DEVELOPMENTSStack Infrastructure Stack Infrastructure recently purchased 504 acres from Peterson Companies at the Stafford Technology Campus,becoming NoVAs second-largest land deal.Peterson Companies had previously secured rezoni

24、ng approval to allow the development of a hyperscale data center facility.Stack will build a data center for a hyperscale client on the site.YondrYondr officially completed and launched its first data center on the companys campus in Loudon County.The data center is 48MW in size,and an additional 48

25、MW is currently underway as the second phase of construction began.TPG Real Estate and Quantum LoopholeTPG Real Estate and Quantum Loophole separated and will no longer develop the Quantum Frederick Project as partners.TPG-owned Catellus Development corporation will be the sole developer of the proj

26、ect going forward.At full buildout,the 2,100-acre campus is planned to have 2GW of capacity.Dominion Energy and Amazon Dominion Energy and Amazon entered a memorandum of understanding to explore nuclear energy development in Virginia with small modular reactors.This trend of using small modular reac

27、tors to power data centers is becoming more common nationwide as power constraints persist in many markets.QTSQTS made two land acquisitions totaling 928 acres,including a 620-acre site in Sandston and a 308-acre site just outside of Martinsburg,West Virginia.Stack Infrastructure Stack Infrastructur

28、e recently received zoning approval for their data center campus site in Gainesville.Once built,the campus will have 108MW of capacity and span 815 thousand square feet.Stack also recently expanded its presence in Loudon County with a 36-acre land acquisition in Leesburg.Aligning with the trend of N

29、oVA data centers expanding outward,Rowan Digital Rowan Digital secured 151 acres of land in Frederick,Maryland,where it plans to build single-tenant data centers.AmazonsAmazons proposal for three new data centers was shelved indefinitely by the Prince William Board of County Supervisors,citing noise

30、 pollution,the concentration of existing data centers,and redevelopment plans.In other news,a company linked to Amazon,MinnievilleMinnieville Capital Acquisitions LLCCapital Acquisitions LLC,acquired 39 acres in Manassas.Iron Mountain Iron Mountain has been active across Virginia,recently acquiring

31、40 acres in Manassas for a two-building 150MW project.The company also filed to expand its Manassas campus on Wellington Road with the VA-8 facility and purchased 66 acres in Henrico Countys White Oak Technology Park,which will support more than 200MW of capacity.ColoHyperscale Self-buildRICHMONDFRE

32、DERICKCULPEPERASHBURN+LEESBURGMANASSASFREDERICKSBURGCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSClick on each name to send an email.NOVANOVAUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for Service*Powered ShellH224RECENT SALESSIGNIFICANT

33、CONSTRUCTION&PLANNED UPDATESUpdatedSITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLERJefferson Davis Hwy,Stafford504 acres Jan-25$302.3MStack InfrastructurePeterson CompaniesCosner Rd,Fredericksburg30 acresDec-24$4.8MPowerHouseAmazonArcola Blvd,Arcola48 acresDec-24$155MAmazonSoave Enterprises6110

34、Technology Creek Dr,Sandston 66 acres Nov-24$8MIron MountainHenrico County7816-8122 Bethlehem Rd,Manassas40 acresNov-24$113.5MIron MountainPRP Real Estate21529 Beaumeade Cir,Ashburn*265,850 sfNov-24$154.1MCyrusOnePowerHouse JV Harrison Street1600 Digital Dr,Chester104 acresSep-24$16.5MPowerHouseCart

35、ografRuther Glen,VA534 acresJul-24$8.2MCleanArc Data CentersMara Loving15650 Nalles Mill Rd,Culpeper121 acresJul-24$60.4MEdgeCoreArroyo InvestorsRuther Glen,VA97 acresJul-24$7.3MCleanArc Data CentersThe Virginia BazaarOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYAWSMultiple Sites22,130,000(

36、est.)UndisclosedU/C&In PlanningMicrosoftMultiple Sites1,250,000(est.)UndisclosedU/C&In PlanningCompass Datacenters&QTSPW Digital Gateway22,000,000UndisclosedIn PlanningStarwood CapitalHerndon2,200,000(est.)UndisclosedIn PlanningCloudHQMultiple Sites5,839,000(est.)828(est.)U/C&In PlanningCorscaleGain

37、esville Building 1Gainesville Building 2Gainesville Building 3Gainesville Remaining PhasesKincora483,000 288,000270,000(est.)1,260,000(est.)500,000727254127(est.)72U/C 2025U/CU/CIn PlanningIn PlanningDigital RealtyMultiple Sites13,168,000(est.)1,144(est.)U/C&In PlanningPeterson CompaniesCulpeperFred

38、ericksburg2,100,0005,500,000233(est.)677(est.)In PlanningIn PlanningNTTMultiple Sites2,548,000 (est.)440(est.)U/C&In PlanningCyrusOneMultiple Sites3,248,000(est.)270(est.)U/C&In PlanningPowerHouse Data CentersMultiple Sites5,979,000(est.)1,190(est.)U/C&In PlanningRowan Digital Infrastructure(Quantum

39、 Loophole)Frederick,MD777,5000(est.)(Undisclosed)In PlanningSTACK InfrastructureMultiple Sites4,190,000(est.)782(est.)U/C&In PlanningSabey Data CentersAshburn383,700(est.)54(est.)U/C&In PlanningThe BlackChamber GroupMultiple Sites3,100,000(est.)740(est.)In PlanningANNE ROSENAUManaging Director+1(703

40、)847-BEN MANNSenior Director+1(202)266-CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWATLANTAAMERICAS PRIMARY MARKETKEY INDICATORS*895MW2024 Colo Leasing716MWIn Operation3.5%Colo Vacancy1,078MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Co

41、lo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWAll signs in the Atlanta data center market point to sustained heightened demand,as hyperscalers and colocation providers continue to expand their footprints.The largest amount of space currently available in

42、an operational data center is 5MW,while the under-construction pipeline exceeds 1GW,and planned projects total more than 3GW.Without large availabilities,occupiers have turned to upcoming development to satisfy their need for capacity.Colocation data centers currently under construction are 89%prele

43、ased,and planned projects are 27%preleasedboth figures leading the nation in terms of preleasing percentages for established data center markets.The Atlanta City Council recently passed new legislation limiting new data center development in Atlanta,primarily near the Beltline and within a half a mi

44、le of MARTA stations,as they desire residential development and green space in these areas.While this news excludes these sites from consideration for data center development,it is not expected to limit supply.Developers have increasingly looked to suburban Atlanta and beyond for large parcels of la

45、nd suitable for multi-facility campusesa trend that has continued in recent years as large infill sites become scarcer and infill land values appreciate.Hyperscalers and colocation providers looking to establish or grow their presence in the Atlanta or across Georgia benefit from several advantages.

46、In line with the states business friendly stance,Georgia Power has been approved to bring an additional 1.4GW of power online from Plant Yates,Governor Kemp vetoed a bill that sought to pause data center tax exemptions,and a tax credit for upgrade and expansions to existing data centers remains in p

47、lace.ECOSYSTEM DEVELOPMENTSAtlas Development LLC proposed a$17 billion,13-building data center campus called Project Sail,to be built on 832 acres near Newnan,Georgia,adjacent to Welcome Sargent Road and Wagers Mill Road.If approved,the campus would cover 4.9 million sf and generate an expected$1.6

48、billion in annual tax revenue after its estimated 2036 completion.Stream Data Centers is planning a major new campus outside Atlanta,which will include nine data center buildings and two substations.The campus will span approximately 1.34 msf and is expected to offer up to 280MW of power within 24 m

49、onths of lease execution.This development marks Streams first significant entry into the Atlanta market.Northern Data Group is developing a state-of-the-art data center in Maysville,Georgia,to meet the growing demand for AI and High-Performance Computing(HPC)solutions.The facility will deliver 120MW

50、 initially in the first quarter of 2027,with the potential to expand to 180MW,The center is expected to support the local economy with the creation of up to 100 new jobs.Edged Energy launched its first North American data center at 1800 Tilford Yard in Atlanta.The campus will feature three data cent

51、ers,with the first now live,delivering 27MW of capacity and expected to reach 168MW at full build-out.Data Core Innovations proposed the Rumble Technology Campus,a$1.2 billion data center project in Monroe County,Georgia.Spanning 900 acres between Forsyth and Macon,the campus will feature up to 12 b

52、uildings totaling 4.2 msf.The Monroe County board approved rezoning for the northern 525 acres from agriculture to commercial use.Construction is slated to start in late 2025 or early 2026,with the first building expected to launch in 2028.LITHIA SPRINGSDOUGLASVILLEALPHARETTASUWANEEMETRO ATLANTAEAST

53、 POINTCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSClick on each name to send an email.ATLATLUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for ServiceH224RECENT SALESSITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER2525 Westside Pky,Alph

54、aretta240,226 sfDec-24$40MLincoln Property Company DXC Technology Company7800 Strickland St,Douglasville129 acresNov-24$64.7MAmazonTPA Group2111 Powell Rd,Augusta212 acresOct-24$31.2MQTSBarbara W SimsVeterans Pky,Fayetteville204 acresSep-24$39.8MQTSHuffman Group2335 Echo Rd,Lithia Springs119 acresSe

55、p-24$37.1MAmazonTaylor&Mathis,Inc.Gullatt Rd,Palmetto92 acresAug-24$40.7MT5 Data CentersRed Rock Developments2 Gene Allen Rd,Hampton262 acresJul-24$118MEquinixPowergrid Real Estate151 Etowah Ridge Trl SE,Cartersville29 acresJul-24$0.3MSwitchE T Properties Inc.4830 Stonewall Tell Rd,College Park 65 a

56、cresJul-24$318.5MEdgeConneXTA Realty411 Pegasus Pky,Lagrange268 acresJul-24$50MThor EquitiesJindal Films Americas LLCOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYDataBankATL 4ATL 5387,500968,75040120U/CIn PlanningDC BloxDouglasville Phase 1Douglasville Remaining PhasesConyers1,000,000250,00

57、01,000,00080120160(est.)U/C Q4 2025In PlanningIn PlanningDigital Realty10 Forsyth300,00028In PlanningEdged EnergyTilford Yard Phase 2Tilford Yard Remaining Phases450,000450,000100(est.)41(est.)U/CIn PlanningFlexentialDouglasville Phase 290,000(est.)13.5U/CMetaStanton Springs 2 Phase 2Stanton Spring

58、2 Remaining Phases466,0001,198,00043265U/C 2026In PlanningMicrosoftPalmetto Phase 1Douglasville Phase 1East Point Phase 1Project Rita250,000490,000245,000490,000264057(est)96(est)U/CU/CU/CIn PlanningQTSAtlanta 2 Phase 1Atlanta 2 Remaining PhasesSuwanee DC 1-Expansion2,474,8304,124,700385,00028848032

59、U/CIn Planning-2032In PlanningSTACK InfrastructureLithia Springs Phase 187,89012U/CSwitchKEEP-ExpansionKEEP 2.0 Phase 1279,860413,9807060U/CIn Planning Q2 2026T5 Data CentersAtlanta III Phase 1Atlanta III Remaining PhasesAtlanta IV162,4901,500,9602,842,36020198300U/CIn PlanningIn PlanningVantage Dat

60、a CentersDouglasville1,660,00096In PlanningSIGNIFICANT CONSTRUCTION&PLANNED UPDATESJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWPHOENIXAMERICAS PRIMARY MARKETKEY INDICATORS*669MW2024 Colo Leasing1,541MWIn Operation2.5%C

61、olo Vacancy478MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWDemand for data center space in Phoenix has shown no sign of slowing down,with colocation lea

62、sing and preleasing activity increasing over the last three years.In 2022,the market saw a record 411MW in colocation leasing activity,which was topped by 643MW in 2023,and 669MW in 2024.Currently,the Phoenix colocation market has 24MW of available capacity,the largest block being 9MW.Like other est

63、ablished data center markets in the U.S.,strong demand and limited availability have led wholesale occupiers looking to turn to planned and under-construction data centers to meet their needs,as reflected by the 84%prelease rate for data centers under construction across the Phoenix metro area.The p

64、lanned pipeline signals years of development,with 4.7GW of capacity waiting to be built,949MW of which is already committed.Vacancy in this market,at 2.5%,is very low,just like other high-performing established markets across the country.While it symbolizes the tightness of the market,it doesnt full

65、y capture how tight the market is for hyperscalers and wholesale colocation occupiers that often have needs that are larger than what is currently available.However,retail occupiers,which often have capacity needs that are less than 1MW,can still find space,with 12 data centers operated by well-know

66、n providers offering individual availabilities ranging from 200kW to 9.0MW.The Phoenix markets appeal is bolstered by its proximity to Southern California,cost advantages over nearby markets,favorable Arizona incentives,low natural disaster risk,desert environment,and strong fiber infrastructure.The

67、se factors have led to the regions 1.5GW of operational capacity and a healthy development pipeline.However,concerns about power demands and noise pollution have led cities like Mesa,Chandler and Phoenix to limit new development,resulting in increased land acquisition activity by hyperscalers and wh

68、olesalers in the western part of the metro,including Goodyear,Avondale,Peoria and El Mirage.ECOSYSTEM DEVELOPMENTSMesa,Chandler and Phoenix stopped inviting new data center developments due to concerns about power demands and noise pollution.As a result,new projects are focusing on the western subur

69、bs like Peoria,El Mirage and Laveen Village,strengthening the Greater Phoenix area as a key data center hub.Phoenixs power and water usage are under scrutiny due to high absorption rates,prompting SRP and APS to ask providers to run generators during peak usage times to prevent brownouts,despite con

70、cerns about ESG and PUE scores.Land acquisition activity in the Phoenix market has surged in the second half of 2024,with notable transactions including AmazonsAmazons purchase of 218 acres in Laveen Village,AlignedAligned purchasing 95 acres in Peoria,QTSQTS purchasing the 206-acre Hermosa Ranch Te

71、ch Campus in Avondale,and Compass Data Centers Compass Data Centers purchasing 121 acres in El Mirage.AypaAypa Power Power secured a$398 million financing package for its 250MW/1,000MWh Pediment BESS project in Mesa,set to be operational in 2026,with Socit GnraleSocit Gnrale leading the financing an

72、d leading the financing and SRP committing to a 20-year tolling agreement.VantageVantage recently held a toppin-out ceremony for its AZ14 data center in Goodyear,Arizona,which is part of a larger campus containing 176MW of capacity.In line with current trends,the facility has been 100%preleased sinc

73、e 2023.Data center master plan developer Tract Group Tract Group moved forward with purchasing a new 2,069-acre site for data center development in Buckeye,Arizona,after the developer withdrew its previous application to develop a smaller 1,400-acre site in Maricopa County.The new site will support

74、up to 20 msf across 40 data center buildings,with Tract working with the local utility to secure 1.8GW to power the expansive site.The project is expected to be built out in multiple phases over the next 15 years,represents a$20 billion investment,and is expected to create 500 full-time jobs once co

75、mplete.ColoHyperscale Self-buildGLENDALEPHOENIX CBDMESAGOODYEARCHANDLERCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CONTACTSPHXPHXUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready

76、for ServiceH224RECENT SALESSIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedSITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER8785 N Reems Rd,Waddell100 acres Dec-24$86.5MAligned Data CentersLXP Industrial TrustLoop 202&Dobbins Rd,Laveen229 acres Oct-24$277.3MAmazonIDM Companies75th Ave&Northern Ave

77、,Glendale19 acres Oct-24$10.2MAligned Data CentersRenewal Mgmt.Remainder Trust7823 W Seldon Ln,Peoria78 acres Sep-24$42.2MAligned Data CentersVanTrust Real Estate LLCS Johnson Rd,Buckeye2,069 acres Aug-24$136.1MTractCirpriani Holdings LLC11753 W,Tolleson206 acres Jul-24$246.9MQTSTGV Investments Grou

78、p20435 N 26th Ave,Phoenix54,655 sf Jul-24$12MPaycomSafeway Inc.OPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERY5C Data CentersPHX01140,00020In PlanningAWSElliot Rd,MesaPecos Rd,Mesa452,000452,000UndisclosedUndisclosedIn PlanningIn PlanningCompass DatacentersPHX II624,000108In PlanningGoogleRed

79、hawk,Mesa Phase 1Redhawk,Mesa Phase 2289,00084,0001218U/C Q3 2025In PlanningMetaMesa Phase 2+2,150,000(est.)300(est.)U/C&In PlanningNTTPhoenix Remaining Phases1,524,000204U/C&In PlanningQTSPHX2 Remaining PhasesGlendale1,349,0005,812,000(est.)144(est.)768(est.)U/C&In PlanningIn PlanningAligned Data C

80、entersPHX-06PHX-07PHX-08398,300(est.)452,000(est.)450,000(est.)108(est.)72(est.)72(est.)In PlanningU/C 2025In PlanningSTACK InfrastructureDowntown PhoenixGoodyear833,9001,784,000246176In PlanningIn PlanningPhoenixNAPPhoenix500,00030In Planning Q4 2026Vantage Data CentersAZ14&AZ15AZ2512,000(est.)432,

81、000(est.)112(est.)48(est.)U/C&In PlanningIn PlannedEdgeCoreMesa Phase 21,475,000(est.)132(est.)U/C-2025EdgeConnexMesa1,162,000(est.)100In PlanningStream Data CentersPHX IIPHX III PHX VI418,2002,091,00040160U/CIn PlanningPrime Data CentersAvondale Phase 1Avondale Remaining Phases260,0001,042,000(est.

82、)7233(est.)U/C Q4 2025In PlanningDON RODIEManaging Director+1(602)229-5918 Click on each name to send an email.CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCHICAGOAMERICAS PRIMARY MARKETKEY INDICATORS*471MW2024 Colo Leasing1,159MWIn Operation5.4%Colo Vacancy169MWUnder Construction*Definitio

83、n:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWLike other established U.S.markets,demand for data center space has been rising in Chicago.Data center leasing activity in 2024 totaled 4

84、71MW for the yeara 257%increase over the 132MW leased in 2023,most of which occurred in data centers that are either planned or under construction.While colocation availability in Chicago,at 49MW,is greater than in other established markets,it is still limited,and most available space isnt suitable

85、for large-scale applications.Competition for land has continued in Chicago,particularly in Elk Grove Village near the OHare industrial corridor.This competition for available parcels is pushing buyers toward brownfield development if they wish to stay within the metropolitan area or outside of Chica

86、go for larger greenfield parcels.Limited land availability,power constraints and Illinois Biometric Information Privacy Act(BIPA)is prohibiting further growth,which has caused an explosion of growth in northwestern Indiana,extending into southeastern Michigan.To attract Illinois demand,Michigan pass

87、ed a data center sales tax abatement incentive.However,not all demand is leaving the stateland acquisitions in Illinois have been increasing outside the Chicago MSA.Microsoft,CyrusOne,Equinix and Aligned have all made sizeable land acquisitions along the westbound I-80 corridor.Iowa,much like northw

88、estern Indiana and Michigan,has also seen growing interest,particularly in the Quad Cities area.Nevertheless,Chicago has continued to attract hyperscale users and colocation providers,and the planned capacity pipeline continues to grow as these groups seek out and acquire land suitable for data cent

89、er development.Currently,2.6GW of data center capacity rests in the planned pipeline and 7%has already been leased by data center users that wish to be in the Chicago market.Much of the planned development is concentrated in Elk Grove Village,which represents more than a 1GW of planned capacity,but

90、planned development is also high in Hoffman Estates and Aurora.ECOSYSTEM DEVELOPMENTSQTS QTS received approval to construct a second data center on their Ashland Ave.campus,which has the potential to scale up to 125MW.The approval required an amendment to QTS original development plans.Midcontinent

91、Independent System Operator(MISO)Midcontinent Independent System Operator(MISO)approved a$21.9 billion long-range transmission plan,with projects expected to come online from 2032 to 2034.The plan includes a 765kV transmission backbone across the Midwest,designed to enhance power flow,improve reliab

92、ility,and support new data centers and industries.Power availabilityPower availability and grid infrastructure remain significant obstacles for new data center development.Current power delivery estimates for new data centers under 50MW could reach 18-24 months,while larger projects may not be able

93、to secure the necessary power until 2028 or 2029.Demolition is underway at the former SearsSears campus in Hoffman Estates,where Compass DatacentersCompass Datacenters plans to develop a five-building data center campus.Construction on the 200-acre site is expected to begin in 2025.MicrosoftMicrosof

94、t acquired 506 acres across multiple parcels in Plano,Illinois,west of Chicago.The property was recently annexed into Plano by the city council and rezoned for data center development.The Chicago City Council Chicago City Council approved the Chicago Data Residency Ordinance,which took effect Januar

95、y 1,2025.The ordinance provides financial incentives for data centers built in the city,but developers must address power delivery solutions,as distribution lines and substations needed for new data centers are lacking.ELK GROVE VILLAGEDOWNTOWN CHICAGOHOFFMAN ESTATESAURORANORTHLAKEColoHyperscale Sel

96、f-buildCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSClick on each name to send an email.CHICHIUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for Service*ConversionH224RECENT PROPERTY SALESSIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedSITE/P

97、ROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER9375 Chestnut Ave,Franklin Park1 acreDec-24$3.4MDigital RealtyRicardo MartinezE Devon Ave,Elk Grove Village189,240 sf Nov-24$439.7MHMC CapitalPrologis,Inc.Eldamain&Faxon Rd,Yorkville229 acres Jul-24$61MCyrusOneGreen Door Capital LLC2725 Bilter Rd,Aurora3

98、2 acres Jul-24$16.8MCyrusOneEdgedBusse Rd,Elk Grove Village14 acres Jul-24$36.6MEdgeConneXInvestcorp400 S LaSalle St,Chicago*298,000 sf Jun-24$12MThe Prime Group JV Capri Investment Group Cboe30907 N Alleghany Rd,Grayscale 134 acres May-24$29.4MT5 Data CentersThe Alter GroupOPERATORDATA CENTERSIZE(S

99、F)POWER(MW)STAGE-EST.DELIVERY1547 Critical SystemsCHIL1230,00025In PlanningAligned Data CentersORD03ORD04400,000400,000200200In PlanningIn PlanningCloudHQArlington Heights1,700,000252U/C&In PlanningCompass DatacentersHoffman Estates999,960111In PlanningCyrusOneBensenvilleYorkvilleAurora407,6302,790,

100、000427,33014430650In PlanningIn PlanningIn PlanningEdgeConneXCHI03167,00019In PlanningNTTCH3CH4252,000252,0003636In PlanningIn PlanningDigital RealtyCermakFranklin Park565,000414,0005430(est.)In PlanningIn PlanningEdged EnergyAurora 1Aurora 2&Aurora 3538,1901,614,5802472U/CIn PlanningIron MountainDe

101、s Plaines330,00036U/C-2026MicrosoftHoffman Estates Phase 1Plano248,000TBD28TBDU/CIn PlanningPrime Data CentersORD01-02ORD01-03354,000(est.)354,000(est.)5454In PlanningIn PlanningALEX SMITHExecutive Vice Chair+1(312)470-STEPHEN SEVENICHDirector+1(312)424-MICHAEL DUDERSTADTDirector+1(312)424-CUSHMAN&W

102、AKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWDALLASAMERICAS PRIMARY MARKETKEY INDICATORS*454MW2024 Colo Leasing1,368MWIn Operation6.4%Colo Vacancy500MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the marke

103、t and excludes Captive&ICT.MARKET OVERVIEWLeasing activity in Dallas totaled 454MW in 2024,slightly below the 478MW leased in 2023 but still significantly higher than pre-2023 levels.Despite strong leasing activity,colocation availability in Dallas,is still higher than many other established markets

104、including Virginiawith 72MW of capacity on the market.Vacancy rates reflect this level of availability and currently sit at 6.4%across the metroplex.Of nearly 100 operational data centers in the Dallas market,38 have some level of availability,though much of it is 1MW or less.Despite the 6.4%vacancy

105、 rate,demand in Dallas is showing no sign of letting up,particularly along the I-35 corridor to the south.The under-construction pipeline currently tops 500MW,with 88%preleased,while planned developments now surpass 4GW as well-known colocation firms commit to the market.The composition of the marke

106、t is changing as well,further positioning Dallas as a major data center market,as wholesale providers represent a significant portion of the pipeline.Though hyperscale self-builds are represented in current operational commissioned capacity figures,they are largely absent from the pipeline,as hypers

107、calers either lease wholesale space or have otherwise shown more interest along the I-35 corridor between Dallas-Fort Worth and Austin,or farther west toward Abilene.This shift is driven by rising land values in the metroplex and growing concerns over long-term power availability.It is important to

108、note that power availability is less constrained in Dallas than it is in other established markets,and power timelines are often shorter.Also,utility providers in the Dallas area are actively planning to accommodate rising power needs.For example,ERCOTs regional transmission plan,covering 2026 to 20

109、30,outlines investments in new transmission lines and substations to ease power delivery concerns.Additionally,the U.S.Department of Energy announced$1.5 billion to increase ERCOTs grid reliability by connecting it to southeastern power markets.ECOSYSTEM DEVELOPMENTSERCOTs ERCOTs latest Regional Tra

110、nsmission Plan,released in December,includes upgrades to kV lines and new substations slated for 2026 to 2030.A joint study with Oncor,expected in 2025,will evaluate south Dallas,potentially shaping future investments in the area.The Department of EnergyThe Department of Energy(DOE)will provide$1.5

111、billion for four electrical transmission projects,including the 320-mile Southern Spirit line connecting ERCOT to southeastern power markets.This project aims to enhance grid reliability in Texas,which relies heavily on the ERCOT grid.RpowerRpower and Wise Assetand Wise Asset are partnering to offer

112、 natural gas-powered land solutions for data center developers in Texas.They plan to develop over 3,000 acres in the Dallas-Fort Worth area to meet the growing demand for energy from large users,with availability by 2027.CyrusOneCyrusOne plans to build a$200-million data center in Fort Worth,which i

113、s expected to be completed by the first quarter of 2026.This will be the companys 15th facility in the state,adding to their extensive portfolio of data centers across the U.S.and globally.The facility,dubbed DFW7,will be located at Asphalt Drive in Fort Worth,Tarrant County,and will span 1.9 msf ac

114、ross a one-story data center and a two-story office component.DataBankDataBank announced the development of a 480MW data center campus on 292 acres in Red Oak,Texas.The campus will feature up to eight two-story data centers,adding to DataBanks significant presence in the Dallas area.Phase 1,expected

115、 to be completed by the second quarter of 2026,will include four buildings and a 400MW substation from Oncor that will deliver up to 240MW of critical IT power.Phase 2 will expand this capacity to a total of 480MW across all eight buildings.Hanwha Energy Hanwha Energy plans to develop a 200MW AI dat

116、a center in Texas,estimated to cost$1.45 billion.Construction is set to begin next year,pending necessary power and water infrastructure,with the data center expected to operate hundreds of thousands of servers and be partially powered by Hanwhas 2GW solar plant in Texas.ColoHyperscale Self-buildSOU

117、TH DALLASPLANORICHARDSONGARLANDFORT WORTHCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSDFWDFWUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for Service*Part of a portfolio transactionH224RECENT PROPERTY SALESSIGNIFICANT CONSTRUCTION&PLANNED U

118、PDATESUpdatedBO BONDExecutive Managing Director1+1(972)663-ALI GREENWOODExecutive Director+1(972)663-SITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER1402 E Lookout Dr,Richardson*129,200 sfDec-24$98MDigiCo Infrastructure REITJDM Partners1201 N Bowser Rd,Richardson7 acres Oct-24$15MDigital RealtyH

119、alffOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYCompass DatacentersRed Oak VI Red Oak X1,000,000180(est.)U/CAligned Data CentersDFW03429,60072(est.)U/C&In Planning Q1 2026DataBankDFW9425,20060U/C-2027QTSIrving Remaining PhasesFTW DC21,500,000(est.)471,880108(est.)42U/C&In PlanningU/CEquini

120、xDA12(Undisclosed)150(est.)In PlanningDigital RealtyGarland Expansion410,00042In Planning Q4 2026NTTTX4139,500(est.)15In Planning-2026PowerHouse Data CentersIrving Phase 1Irving Remaining Phases315,340 630,67067134In Planning Q1 2026In PlanningPrime Data CentersFort Worth Phase 1Garland Phase 1Dalla

121、s267,000534,000(est)96,8004896(est)12In Planning Q1 2026In PlanningIn PlanningSTACK InfrastructureDFW01C Phase 1Lancaster436,0001,500,00012220U/C-2027In Planning 2026Stream Data CentersDFW VIIIDFW IX DFW X135,290270,5803060U/CIn PlanningSkybox,Bandera VenturesLancaster Phase 1Red Oak270,900750,000(e

122、st)48(est)125U/C-2026In PlanningRICK HUGHESExecutive Managing Director+1(972)663-Click on each name to send an email.CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWPORTLAND+EASTERN OREGONAMERICAS PRIMARY MARKETKEY INDICATORS*33MW2024 Colo Leasing1,970MWIn Operation0.5%Colo Vacancy236MWUnder C

123、onstruction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWDemand remains strong in Portland and Eastern Oregon,as indicated by an extremely tight vacancy rate of 0.5%.Though

124、this market is primarily driven by hyperscale self-builds,the colocation marketat 535MWis expected to double in the coming years.The current pipeline reflects this growth,with 730MW of colocation capacity in the planning stages,led by QTS,Aligned Data Centers and Stack Infrastructure.However,warning

125、s of power constraints are materializing,contributing to the less colocation space currently under construction and the expanding planned colocation development pipeline.In response,PacifiCorp has introduced new power usage penalty rules for large-load customers in the Pacific N Northwestorthwest,ef

126、fective February 2025.These rules penalize users who deviate from their initially projected or requested power needs.Despite Oregons power challenges,demand drivers such as renewable energy,more affordable land prices,and proximity to west coast markets have continued to attract hyperscale and coloc

127、ation providers.Power purchase agreements(PPAs)are still being signed,albeit to a lesser extent,despite concerns surrounding power availability and use.Both QTS and Meta recently entered a PPA with Avangrid and Portland General Electric for a 120MW solar energy project in Morrow County.With incentiv

128、es like renewable energy,strong network connectivity,a resilient tech workforce and lower power cost,the market is primed for continued growth.However,new entrants to the market should be aware of increasing regulatory pushback to new data center developments,further highlighting the importance of s

129、ustainable construction and energy usage that benefit local communities.Significant opportunities remain for growth in the data center market across the state.ECOSYSTEM DEVELOPMENTSThe Pacific Northwest Utilities Conference Committee(The Pacific Northwest Utilities Conference Committee(PNUCC)project

130、s a significant surge in electricity demand in the region,with an annual growth rate of 3.1%over the next decade,driven by the expansion of data centers and high-tech manufacturing.To meet this demand,utility providers plan to add 29GW of new capacity,and demand response programs are expected to dou

131、ble.Avangrid and Portland General Electric Avangrid and Portland General Electric(PGE)signed a PPA with QTS and Meta for a 120MW solar energy project in Morrow County,Oregon.The Tower Solar project will supply renewable energy to a new QTS data center campus supporting Metas operations.It is expecte

132、d to be operational by 2026PacifiCorpsPacifiCorps new power usage penalty rules,approved by the Oregon Public Utility Commission,will take effect in February 2025.These rules penalize large-load customers,such as data centers,for deviating from their projected power needs.PacifiCorp aims to extend t

133、hese rules to Utah and WashingtonAligned Data CentersAligned Data Centers topped out its PDX-01 data center in Hillsboro,Oregon.The 72MW facility,featuring a dozen 6MW data halls across 27 acres,will offer 100%renewable energy options and support air,liquid or hybrid cooling solutions.A second plann

134、ed building,PDX-02,will add an additional 36MW of IT capacity.ColoHyperscale Self-buildPRINEVILLEPORTLAND CBDTHE DALLESUMATILLAHILLSBOROCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CONTACTSClick on each name to send an

135、email.PDXPDXUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for ServiceH224SIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYAWSNE Oregon(Multiple Sites)3,519,000(est.)384(est.)U/C&In PlanningNTTHillsboro Cam

136、pus Expansion193,750(est.)78U/C&In PlanningDigital RealtyPortland 3 Expansion68,900(est.)8U/CCrane Data CentersForest Grove Phase 1Forest Grove Phase 2600,620600,6205050In PlanningIn PlanningEdgeConneXPOR02 ExpansionPOR038,300229,3002(est.)19(est.)In PlanningIn PlanningSabey Data CentersUmatilla Pha

137、se 1Umatilla Phase 2+285,800428,7006090In PlanningIn PlanningSTACK InfrastructurePOR01 ExpansionPOR03 Phase 2POR03 Phase 3+130,67051,670836,3009(est.)12120In PlanningU/CIn PlanningFlexentialHillsboro 5323,00036U/C1547 Critical SystemsPittock Block-Expansion57,000(est.)14In PlanningAligned Data Cente

138、rsHillsboro Phase 2155,000(est.)36In PlanningRowan Digital InfrastructurePercheron1,406,250196In PlanningCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWSILICON VALLEYAMERICAS PRIMARY MARKETKEY INDICATORS*36.5MW2024 Colo Leasing956MWIn Operation5.8%Colo Vacancy39MWUnder Construction*Definition

139、:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWSilicon Valley,and the broader Bay Area continue to see modest demand for data centers and consistent growth.Power constraints,expensive l

140、and and,to a lesser extent,seismic activity risks have kept the under-construction pipeline on a downward trend,with data center completions outpacing projects that have secured power and begun construction.As a result,the planned pipeline has grown to more than 1GW,while 39MW of colocation currentl

141、y remains under construction.Demand for space in this market still exists,but instead of being able to meet that demand,it has once again radiated outward to nearby markets like Reno,Portland and Eastern Oregon,and Phoenix.However,this hasnt stopped data center providers from requesting power from P

142、acific Gas&Electric(PG&E).In PG&Es 2024 investor update,the company reported 3.5GW of new power requests from data center providers,with delivery dates extending through 2029.Some of these requests are substantial,including one customer seeking 600MW and 800MW.In response,PG&E has reinforced its com

143、mitment to the Bay Areas energy needs by securing a$15 billion loan for infrastructure improvements,increased hydropower generation,expanded transmission capacity,and battery energy storage capacity.Meanwhile,Silicon Valley Power has encouraged new data center proposals to incorporate alternative en

144、ergy or in-city generation.Will Silicon Valley and the Bay Area see a data center renaissance?Its possible,but an improved grid and increased power generation wont alleviate rising land values or provide immediate electricity rate relief.For that reason alone,Washington,Oregon,Nevada and Arizona wil

145、l continue to offer a significant development and operational cost advantage over Silicon Valley.ECOSYSTEM DEVELOPMENTSPG&E PG&E secured a$15 billion loan guarantee from the U.S.Department of Energys Loan Programs Office for Project Polaris.This funding will support the expansion of hydropower gener

146、ation,battery storage and transmission capacity upgrades,helping PG&E meet future energy demands,improve reliability,and reduce costs for its 16 million customers in northern and central California.Silicon Valley Power Silicon Valley Power is leading efforts to address the increased energy demand fr

147、om AI adoption by advocating for in-city generation or alternative energy sources in new data center proposals.AWS agreed to use natural gas-powered fuel cells from Bloom Energy at its Santa Clara data center,while Google partnered with Kairos Power to deploy 500MW of small modular reactors(SMRs)by

148、2035,with the first expected to be operational by 2030.AWSAWS plans a 15-year,20MW power purchase agreement with Bloom Energy to support its new Silicon Valley data center,addressing the regions growing energy demands.The deal,expected to cost around$35 million in the first year,highlights AWSs comm

149、itment to meeting energy needs despite higher costs and environmental challenges.GI Partners GI Partners secured planning permission to build a 72MW data center at 2805 Bowers Ave.in Santa Clara,after the city councils unanimous approval.The project involves demolishing existing office buildings and

150、 constructing a new four-story data center,expected to be operational by 2029 or 2030.ColoHyperscale Self-buildOAKLANDFREMONT/NEWARKSAN FRANCISCOSANTA CLARASAN JOSECUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CONTACTSSV

151、SVUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for Service*Powered ShellH224SIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYAWSSanta Clara-ExpansionSanta Clara 2Gilroy230,000(est.)408,000435,94025(est.)(

152、Undisclosed)98In PlanningIn PlanningIn PlanningCologixSV1 Expansion68,90017In PlanningCoreSiteSV9-Expansion250,00034U/C&PlanningCyrusOneSanta Clara703,000(est.)67(est.)U/C&In PlanningDigital Realty641 Walsh Ave Expansion226,00042U/C&PlanningGI PartnersWalsh Technology Center244,00072In Planning (202

153、8-2030)MicrosoftSan Jose 1San Jose 2794,400612,00092(Undisclosed)In PlanningIn PlanningNovva Data Centers400 Paul Ave236,80036In PlanningPrime Data CentersSacramento Campus Phase 2+1231 Comstock495,700119,000989U/C&In PlanningIn PlanningSTACK InfrastructureSVY02A-ExpansionSV06 Phase 1SV06 Phase 2+14

154、4,000279,90046,60036179U/C&PlanningU/CIn PlanningT5 Data CentersNewark Phase 2180,00032In PlanningRECENT PROPERTY SALESSITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER2334 Lundy Pl,San Jose*130,752 sf Dec-24$9.5MOverton Moore PropertiesDigital Realty1977 Saturn St,Monterey Park16 acres Dec-24$39

155、MHMC CapitalEQ OfficeClick on each name to send an email.CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCOLUMBUSAMERICAS PRIMARY MARKETKEY INDICATORS*425MW2024 Colo Leasing1,829MWIn Operation6.3%Colo Vacancy546MWUnder Construction*Definition:Definition:Key indicators are based on operational

156、Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWColumbus has quickly become an established hyperscaler hub in the United States,as reflected by its operational data center inventory.The colocation market currently accounts for 94MW of ope

157、rational commissioned capacity.As such,the 6.3%vacancy rate translates to a total 6MW of available capacity in operational data centers.The growth of the hyperscale market is expected to continue,while market composition is expected to change as colocation providers look to Columbus as a strategic m

158、arket where their offerings can supplement or complement hyperscalers.Colocation leasing figures for 2024 support this trend,with colocation occupiers leasing total 425MW for the yearmore than 10 times the amount seen in 2023.Like other more established colocation markets,most of this activity is pr

159、eleasing for projects that are either under construction or planned.While the 154MW of colocation space currently under construction is not as high as in other markets,it is 88%preleased and would more than double the current amount of operational colocation space in the Columbus market.The planned

160、pipeline,now grown to more than 2.6GW,is even more telling,with well-known wholesalers such as Cologix,CyrusOne,QTS,Stack Infrastructure,and Vantage Data Centers planning projects in Columbus.Much of what has made the area attractive to hyperscalers has also drawn interest from colocation providers

161、looking to deploy large scale developments,especially multi-building data center campuses.Power and transmission constraints,along with land availability,have become frequent topics of discussion in Columbus,as they have in nearly every other data center market in the United States.New guidelines fo

162、r power procurement from AEP Ohio,the states primary utility provider,aim to ensure the delivery of the immense amount of power being requested,similar to policies implemented by other utilities facing similar challenges.ECOSYSTEM DEVELOPMENTSGoogle Google is committing$2.3 billion to develop three

163、Columbus-area data center campuses near Lancaster.This follows an already substantial$4.4 billion investment.Microsoft Microsoft received approvals for its latest campus across over 200 acres in Licking County.In January,the hyperscaler acquired nearly 300 acres from local owners and the Village of

164、Hebron.Additionally,Microsoft continued to move forward with plans to develop its properties in the New Albany cluster on Beech Road.Previously,Microsoft signed a 125MW solar PPA with Apex Clean Energy.QTS QTS secured city approvals to add six buildings to its New Albany campus,adding 200MW and over

165、 1 msf of data center space,after acquiring 93 acres in October 2023.CologixCologix opened a fourth data center in the market,a 33MW facility spanning 256,000 sf to support AI use cases.CyrusOne CyrusOne acquired 94 acres from DBT Data for approximately$50 million and plans to invest an additional$1

166、00 million to develop a facility on Jug Street in the New Albany Business Park.Vantage Data Centers Vantage Data Centers proposed a$185 million data center facility on Lincoln Rackhouses campus at the Silicon Heartland Innovation Park.Construction has already begun on the data center portion of the

167、industrial park,which promises to deliver up to 216MW across 1.5 msf of space.The industrial park received financing from Harrison Street Capital.5C Data Centers 5C Data Centers purchased a 39-acre site with an existing 66,000 sf data center.The Montreal-based data center operator plans to add an ad

168、ditional 320,000 sf to the initial data center build followed by further expansion.Ultimately,the campus is set to support a total of 200MW dedicated to the site in the coming years.ColoHyperscale Self-buildNEW ALBANYCOLUMBUS CBDHILLIARDSCIOTOLANCASTERCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OV

169、ERVIEWJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CONTACTSClick on each name to send an email.COLCOLUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for ServiceH224RECENT PROPERTY SALESSIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdated

170、SITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER3000-3007 Etna Pky,Pataskala43 acres Nov-24$11.4MMicrosoftRed Rock DevelopmentsGreen Chapel Rd,New Albany201 acres Nov-24$61MMeta(Undisclosed)12017 Duncan Plains Rd,Johnstown154 acres Nov-24$45MCologixThe New Albany Company129 S High St,Hebron96 ac

171、res Jun-24$12MMicrosoftPhillip&Barbara WattsOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYAWSNew Albany III Phase 1New Albany III Phase 2Hilliard III Phase 1Hilliard III Phase 21,243,000828,800592,550197,52014496110110U/CIn PlanningU/CIn PlanningAligned Data CentersPataskala(Undisclosed)(Und

172、isclosed)In PlanningEdged EnergyNew Albany210,00024U/CGoogleLancaster-Expansion351,600138U/CMicrosoftNew Albany 1-Phase 1New Albany 1-Phase 2+HebronHeath250,000100,0001,500,0001,250,00029261408340In PlanningIn PlanningIn PlanningIn PlanningQTSNew Albany 1 Phase 1New Albany 1 Phase 2+New Albany 2442,

173、400442,400612,500(est.)60(est.)60(est.)90(est.)U/CIn PlanningIn PlanningLincoln RackhouseSilicon Heartland Phase 1Silicon Heartland Phase 2+250,0001,250,00010(est.)216U/CIn PlanningCologixCOL5COL6200,0002,000,000(est.)50800(est.)In PlanningIn PlanningCyrusOne(DBT)New Albany1,000,000(est.)200(est.)In

174、 PlanningVantage Data CentersNew Albany250,000(est.)36(est.)In PlanningCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWNORTHERN NEW JERSEY+NEW YORKAMERICAS ESTABLISHED MARKETKEY INDICATORS*43MW2024 Colo Leasing567MWIn Operation9.0%Colo Vacancy40MWUnder Construction*Definition:Definition:Key in

175、dicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWThe New York-New Jersey data center market continued to see demand and activity from data center users and operators given its proximity to New York City,ro

176、bust infrastructure and favorable business climate.The largest availability in the market right now is located within 165 Halsey Street,offering 23.5MW,which would be deliverable within 12 months.DataBank also has 4MW remaining in Orangeburg.All other availabilities in the market are smaller than 3.

177、2MW,with the majority of those below 1MW.Growth has eased,and the under-construction pipeline in the New York-New Jersey market currently holds 40MW of capacity,while the planned pipeline stands at 186MW.Preleasing activity is also not as strong in this market compared to others,with only 13%of the

178、capacity under construction preleased and 0%of planned data centers preleased.Established operators with existing data centers account for more than half of the capacity under construction,as new development in the New York-New Jersey market now favors expanding current facilities over building new

179、ones from the ground up.The largest expansions underway are being carried out by Equinix and Iron Mountain Data Centers.One thing the New York-New Jersey shares with other established markets is limitations surrounding power and land.These constraints continue to pose a significant challenge to hype

180、rscalers,who are looking farther inland toward the Midwest,where those challenges,while still present,are less pronounced.However,New Jersey is well-positioned to benefit from nuclear power,as several utility companies owning nuclear power plants are exploring energy deals with data centers through

181、local utilities,including Public Service Enterprise Group(PESG)and Jersey Central Power&Light(JCP&L)which serves most of the northern New Jersey market.ECOSYSTEM DEVELOPMENTS365 Data Centers and 365 Data Centers and InterServerInterServer announced a strategic partnership to enhance their IT infrast

182、ructure solutions,particularly in New Jersey.This collaboration leverages 365s network of 20 data centers,including locations in Carlstadt and Bridgewater,and InterServers expertise in web hosting and cloud services,with the goal of expanding their presence in the region.CoreWeaveCoreWeave is expand

183、ing its data center footprint in New Jersey by leasing the entirety of Building 11 at The Northeast Science&Technology Center(NEST)in Kenilworth,Union County.The company plans to invest$1.2 billion to convert the 280,000-sf former lab and manufacturing building into a data center,with additional inv

184、estments from Onyx Equities.This project aims to position the NEST campus as a major hub for data processing,AI,and biopharma innovation.During a recent New Jersey hearing on electricity priceselectricity prices,experts discussed the impact of growing electrification,electric vehicles,and data cente

185、rs on the states energy needs.They emphasized the importance of avoiding policies that shut down power plants before replacements are ready and suggested investing in technologies like carbon capture to manage rising demandPSEGPSEG is in talks to sell power from its Hope Creek and Salem nuclear plan

186、ts to data centers in New Jersey.This move aims to provide highly reliable,carbon-free baseload power to support the states growing AI and data center industries.The Hope Creek and Salem plants,with a combined capacity of 2,486MW,are well-positioned to meet the increasing power demands of mid-sized

187、data centers,ranging from 50MW to 100MW.ORANGEBURGSECAUCUSPISCATAWAYMANHATTANColoHyperscale Self-buildCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSClick on each name to send an email.NY/NJNY/NJUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready f

188、or ServiceH224RECENT PROPERTY SALESSIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedSITE/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLER1919 Park Ave,Weehawken,NJ208,633 sfNov-24$96.6MWP Carey REITHartz MountainOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYEquinixNY11 ExpansionNY3-Expansion12,

189、300(est.)59,200(est.)1.319U/CIn Planning DataBankOrangeburg300,00040(est.)U/C&In PlanningCoreSiteSecaucus85,00010(est.)U/CCentersquareEWR5154,6906U/CSEAN BRADYManaging Director+1(201)566-ETHAN SILVERSTEINExecutive Vice Chair+1(212)698-CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWAUSTIN+SAN

190、ANTONIOAMERICAS SECONDARY MARKETKEY INDICATORS*523MW2024 Colo Leasing331MWIn Operation5.8%Colo Vacancy325MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWAu

191、stin and San Antonio are two rapidly growing markets with distinct characteristics,especially as Dallas faces increasing resource constraints.Hyperscalers tend to favor San Antonio,while colocation providers lean toward Austin.Market boundaries between the two cities have become less defined as the

192、I-35 corridor,which runs through San Marcos and New Braunfels and connects Austin to San Antonio,has seen a considerable uptick in data center activity.Prime Data Centers has a significant facility planned between the two cities in Lockhart,and Tract recently announced the purchase of 2,000 acres of

193、 land near Prime to build a sizeable campus.Currently,operational commissioned capacity between the two markets totals 331MW.This is set to nearly double with ongoing construction projects,bringing the market to 656MW of operational commissioned capacity.With this growth,the region is on track to be

194、come a 1GW data center market.The planned development pipeline further signals this continued growth cycle,with 2.8GW of planned capacity.Historically,San Antonios data center development has concentrated in the western part of the city,while Austins growth has spanned from north to south.Both marke

195、ts benefit from the same positive aspects that make Dallas attractive,including reasonable power costs,renewable energy options,tax incentives,and a business-friendly environment.ECOSYSTEM DEVELOPMENTSSabeySabey recently completed construction of the first building at its Round Rock campus.The newly

196、 completed building is 430,000 square feet,current plans for the campus include two buildings with 84MW of capacity when fully built.Tract Tract recently acquired 2,000 acres of land in the Uhland/Lockhart area of Texas about 30 miles southwest of Austin along the I-35 corridor.The site is in close

197、proximity that Prime is going to develop into data centers.ColovoreColovore is developing a new liquid-cooled data center in Hutto,Texas,with an estimated$500 million investment.The 180,000 sq ft facility,known as Project Raptor,is set to begin construction in early 2026.San Antonio has been getting

198、 interest from colocation providers and CyrusOne,Vantage,and CyrusOne,Vantage,and Stream Stream all have active development projects in the market.CPS Energy CPS Energy plans to spend over$1.3 billion on transmission and generation projects in the next five years to support the growth of data center

199、s in Texas.With 15 new or upgraded transmission lines and a diverse energy mix,CPS is set to play a key role in the states power infrastructure.The Southern Spirit Transmission project The Southern Spirit Transmission project will connect Texas ERCOT grid with southeastern U.S.power grids,enhancing

200、reliability and reducing outages during extreme weather events.This new link will allow Texas to maintain its grid independence while benefiting from increased power stability.ColoHyperscale Self-buildSOUTHEAST AUSTINROUND ROCKCASTROVILLECUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWJOHN McW

201、ILLIAMSHead of Data Center Insights,Global Think Tank+1(303)312-CONTACTSClick on each name to send an email.ATX/SATXATX/SATXUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for ServiceH224RECENT PROPERTY SALESSIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedSITE

202、/PROPERTYSIZESALE DATESALE PRICE(US$)BUYERSELLERFM Road 2720,Uhland2,000 acresNov-24(est.)(Undisclosed)Tract(Undisclosed)OPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYQTSSan Antonio Phases 2+226,00030In PlanningCyrusOneAustin II ExpansionAustin III ExpansionSan Antonio II-Expansion25,77091,5

203、0065,89051512In PlanningIn PlanningIn PlanningMicrosoftCastroville Phase 1Castroville Phase 2+Texas Research Park-ExpansionSAT14-Expansion212,030244,660153,220106,000120135305U/CIn PlanningU/CIn PlanningSabey Data CentersAustin Expansion320,90045In PlanningSkybox DatacentersAustin I ExpansionAustin

204、2PowerHouse Austin Phase 1PowerHouse Austin Phase 2+141,200148,540469,0003,409,00045310384U/CU/CU/CIn PlanningStream Data CentersSan Antonio IIIVII Phase 1San Antonio IIIVII Phase 2+300,0001,200,00040160U/C-2025In PlanningSwitchThe Rock Phase 1The Rock Phase 2+1,507,000699,65020165U/CIn PlanningVant

205、age Data CentersTX11 Phase 1TX11 Phase 2+242,670182,000824U/C Q1 2026In PlanningCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCANADACUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWTORONTOAMERICAS ESTABLISHED MARKETKEY INDICATORS*37MW2024 Colo Leasing317MWIn Operation8.1%Colo Vacancy120

206、MWUnder Construction*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWToronto,while not as large other established Americas markets,is a healthy data center market with a histor

207、y of sustained growth.This market has historically catered to colocation providers,but Microsofts entrance is shifting that dynamic with an 84MW data center under construction,expected to deliver in 2026,and two more planned.The additional 36MW of capacity currently underway belongs to colocation pr

208、oviders.Like many other markets outlined in this report,the vacancy rate is not a true reflection of how tight this market is for occupiers seeking more than 1MW of space.Currently,five data centers in Toronto have availabilities larger than 1MW,the largest at 5.5MW.However,26 data centers have avai

209、labilities of 500kW or less.This has pushed larger occupiers to look to the construction pipeline to meet their capacity needs,as seen in many other markets11%of planned capacity has already been preleased.Looking ahead,Toronto may see growth in the AI data center segment as the Canadian government

210、launches the Canadian Sovereign AI Compute Strategy.This initiative,designed to fund public supercomputing infrastructure and AI-enabled data centers,includes a CA$2 billion investment,with CA$700 million earmarked for the data center segment.Toronto-based AI firm Cohere is the first recipient of th

211、e fund and will partner with CoreWeave to build a multibillion-dollar AI data center,though its location has not yet been disclosed.Quebec is experiencing significant power scarcity,and operators in Quebec are currently unable to secure additional power which hinders plans for the expansion of exist

212、ing facilities and development of new ones.The Toronto market is well positioned to accommodate unmet demand in Quebec which is attracting additional development interest.ECOSYSTEM DEVELOPMENTSColoCrossingColoCrossing is launching a new data center in Toronto at 151 Front Street West.This 205,000-sf

213、 facility will offer colocation services,dedicated servers,and direct access to major cloud providers like AWS,Google Cloud and Azure.It features diverse power feeds,backup generators,N+1 redundancy and advanced security measures.The Canadian Nuclear Safety CommissionThe Canadian Nuclear Safety Comm

214、ission approved an extension for the Pickering Nuclear Generating Station to operate until the end of 2026.Ontario Power Generation also plans to refurbish the plant,potentially extending its lifespan by several decades to help meet the provinces growing electricity demand.YondrYondr broke ground on

215、 its first Canadian facilitya three-story,27MW data center on a 4.5-acre site in Toronto.Scheduled for completion by mid-2026,the facility will feature a closed-loop cooling design and support cloud computing,AI and future technologies.The Canadian government is investing CA$240 million($169 million

216、)to help AI startup CohereCohere expand its data center AI compute capacity in Toronto.Scheduled to begin operations in 2025,the new data center will use Nvidia GPUs and involve CoreWeave in its construction,aiming to become a cornerstone of Canadas AI infrastructure.TelehouseTelehouse launched serv

217、ices from three newly acquired data centers in downtown Toronto.Located at 151 Front Street West,250 Front Street West,and 905 King Street West,the facilities offer a combined total of over 30MW of carrier-neutral data center space.ColoHyperscale Self-buildTORONTO CBDYORKETOBICOKEMARKHAMKITCHENERCUS

218、HMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWCONTACTSClick on each name to send an email.TORTORUNITED STATES*Excludes Excludes Captive&ICT construction updates.Total IT Load RFS:Ready for ServiceH224SIGNIFICANT CONSTRUCTION&PLANNED UPDATESUpdatedRANDY BORRONVice Chairman+1(416)359-MICHAEL BORR

219、ONAssociate Vice President+1(416)359-OPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYSTACK InfrastructureToronto Phase 2Toronto Phase 3300,000(est.)300,000(est.)2424In PlanningIn PlanningEquinix TR6-Expansion24,000(est.)5.3(est.)U/C Q2 2025MicrosoftEtobicokeWoodbridge-Phase 1279,800244,0008456

220、U/CIn PlanningUrbaconDC4DC5 DC6200,000400,0003060U/CIn PlanningYondrToronto231,53025(est.)In PlanningCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWMONTREAL+QUEBECAMERICAS SECONDARY MARKETKEY INDICATORS*45MW2024 Colo Leasing228MWIn Operation7.7%Colo Vacancy37MWUnder Construction*Definition:De

221、finition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.MARKET OVERVIEWMontreal is emerging as a competitive data center market in Canada with strong growth potential.Its advantages include low operating costs dr

222、iven by abundant hydroelectric power,numerous tax incentives and proximity to major East Coast markets.While smaller than Toronto,Montreal is experiencing steady growth,a trend expected to continue,as land availability is not as constrained as in Ontario.Like Toronto,Montreal could benefit from the

223、Canadian governments investment in AI.Expansion is already underwayQscale recently announced plans to expand its Q01 campus,and Vantage is set to expand its QC2 campus.ECOSYSTEM DEVELOPMENTSMicrosoft Microsoft began construction on a new data center in LAncienne-Lorette,Quebec,which is expected to b

224、e completed by early 2026.This project is part of a$500 million investment to expand Microsofts cloud computing and AI infrastructure in Canada,adding to its existing Azure regions in Toronto and Quebec City.Bit Digital Bit Digital acquired Enovum,a Montreal-based data center operator,to transition

225、to serving AI customers.This acquisition allows the company to offer colocation and GPU hosting services,expanding its capabilities in the high-performance computing(HPC)industry.Bit Digital also purchased a second facility in Pointe-Claire that will be retrofitted to support AI computing.Consensus

226、CoreConsensus Core selected CologixsCologixs MTL10 MTL10 data center at 530 Rue Briault in Longueuil for its Canadian deployment.This partnership allows Consensus Core to offer Nvidia-powered GPU-as-a-Service for tasks like machine learning and 3D rendering,leveraging Cologixs hyperscale and interco

227、nnected facilities to meet customer demands.SIGNIFICANT CONSTRUCTION&PLANNED UPDATESColoHyperscale Self-buildMONTREAL CBDWEST MONTREALLONGUEUILVAUDREUIL-DORIONOPERATORDATA CENTERSIZE(SF)POWER(MW)STAGE-EST.DELIVERYGoogleBeauharnois(Undisclosed)(Undisclosed)In PlanningEnovum Data CentersMTL1 Phase 2+1

228、65,59020In PlanningVantage Data CentersQC4 ExpansionQC6-Expansion414,000(est.)(Undisclosed)42(est.)(Undisclosed)U/C&In PlanningIn PlanningOVHcloudBHS Campus-Expansion(Undisclosed)34U/C&In PlanningQScaleQ02(Undisclosed)36(est.)In PlanningCUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWLATIN AME

229、RICACUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWSo Paulo,Brazil,is buzzing with data center activity and is poised for significant growth in the coming years,making it the focal point of South American markets.Scala Data Centers issued$250 million in green debentures with a six-year maturi

230、ty to complete its 36MW SGRUTB09 facility at the Tambor campus,which is nearing completion.This campus is dedicated to a single hyperscaler in the cloud and content sector,with additional capacity in Campinas and Rio de Janeiro.Scala is also constructing a new substation at Tambor,designed to scale

231、up to 450MW of IT load.In a significant move,Scala Data Centers launched the second phase of its Tambor campus,a$1.13 billion investment set to deliver 158MW of IT load.The campus currently hosts six live facilities with a combined capacity of 78MW,and two more under construction totaling 56MW.Scala

232、 has plans for eight additional facilities,though not all will be included in this phase.Meanwhile,the company is also developing data centers at its Jundia campus and other locations in So Paulo state.Tecto Data Centers,a subsidiary of Brazilian telco V.tal,acquired land in Santana de Parnaba,So Pa

233、ulo,for a hyperscale data center expected to scale to 200MW.The facility will be powered entirely by renewable energy,with initial power already secured.V.tals investment plan includes a$1 billion expansion in the region,with additional facilities planned in Fortaleza and Rio Grande do Sul.New entra

234、nt 247 Data Centers,backed by Autonomy Investimentos,is targeting hyperscalers and large companies across Latin America.The company has six areas in development,including four in So Paulo and two in Rio,with plans for campuses exceeding 100MW of IT load.Aurea Finvest announced an 800MW data center p

235、roject in Sumar,So Paulo,with a$830.3 million investment.The project will span 500,000 sm,with construction expected to begin in 18 months.Aurea Finvest aims to leverage Brazils strategic advantages,including renewable energy sources and favorable geography,to position the country as a global data c

236、enter hub.CONTACTSClick on each name to send an email.AMERICAS SECONDARY MARKETS*Definition:Definition:Key indicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.SO PAULOKEY INDICATORS*20/54Operators/Data Centers363MWIn Oper

237、ation239MWUC12.1%Colo VacancySANTIAGOKEY INDICATORS*24/44Operators/Data Centers198MWIn Operation119MWUC21.5%Colo VacancySantiagos data center market is set for significant growth,driven by digital transformation,government support and a focus on sustainability.The citys strategic advantages and robu

238、st infrastructure offer substantial opportunities for industry professionals looking to tap into Latin Americas expanding digital landscape.Traditionally dominated by local telcos with limited colocation options,Santiagos 2021 data center market boom has persisted.Key players like Ascenty,ODATA,Scal

239、a Data Centers and Equinix are present and aim to cater to the growing demand.Many of these same players currently have data center projects under construction or in the planning phases as well,furthering their commitment to the Santiago market.Chiles energy market,with nearly 50%of its mix from ren

240、ewable sources like hydroelectric,wind and solar,is deregulated,allowing for sustainability-linked financing.EdgeConneX recently secured$150 million for developments in Chile and Colombia,highlighting strong investor interest.Chiles sustainability focus have led Google to halt its planned$200 millio

241、n data center in Santiago after the companys construction permits,first granted in 2020,were reversed.Google will be revising their project to comply with Chiles heightened environmental requirements,likely including a redesign of its cooling system.FERNANDO LERICIRegional Head of Transaction MRAFAE

242、L NOLAZCODirector of DLATAMLATAMEMERGING MARKETSH224CUSHMAN&WAKEFIELD|AMERICAS DATA CENTER MARKET OVERVIEWLATAMLATAMEMERGING MARKETSQUERTAROKEY INDICATORS*10/17Operators/Data Centers105MWIn operation33MWUC 13.3%Colo VacancyQuertaro has firmly established itself as Mexicos data center hub,attracting

243、significant investments from major global players.Google Cloud recently launched its cloud region in Quertaro,marking its third Latin American region after Santiago,Chile,and So Paulo,Brazil.This move underscores Quertaros status as a key hyperscale destination in Mexico,with all major U.S.cloud pro

244、viders having live or announced regions there.Oracle was the first to launch in 2022,followed by Microsoft,which opened its Azure cloud region in May 2024 and has committed to further AI infrastructure investments in Mexico.AWS also operates edge and local zones in Quertaro,with plans for a full clo

245、ud region set to go live next year.Texas-based MDC Data Centers is set to build its first data center outside the U.S.,in Quertaro,focusing on connectivity with a 2MW facility that is expected to go live in the first quarter of 2026.MDCs presence will enhance connectivity options,leveraging its exte

246、nsive network of data centers along the U.S.-Mexico border and international fiber crossings.Chinese cloud giant Alibaba also plans to expand its footprint in Mexico by launching its first cloud region in the country.This expansion will add to the existing cloud regions operated by Microsoft,Oracle,

247、and Huawei,across Queretaro,Mexico City,and Monterrey.Earlier this year,AWS announced plans to open a cloud region in Mexico,further solidifying Quertaros position as a critical hub for cloud infrastructure.Quertaros emergence as a leading data center market is driven by its robust digital infrastru

248、cture,strategic location and growing commitment to sustainable energy.With ongoing investments and developments,Quertaro is poised to become a central player in the global data center landscape.BOGOTBogots data center market has evolved significantly since 2017,transitioning from local,service-rich

249、legacy telco facilities to modern,large-scale hyperscale deployments.The citys robust energy matrix,composed of 68%hydro,30%thermal and 1%renewables,along with government tax incentives for renewable energy investments,positions Bogot as an attractive destination for data center development.With ong

250、oing investments and developments,Bogot is set to become an emerging Latin American market to watch.OData is leading the charge with a$1.3 billion investment to develop two new data centers in Cundinamarca,Bogot.The first phases of construction are expected to be completed by the end of 2026.DC BG01

251、,ODatas Bogot facility that launched in 2018,offers 14.6MW of IT capacity across 5,500 sm of floor space and can accommodate densities of up to 10kW per rack.The new facilities funded by the investment will offer a combined 144MW of capacity,designed to meet the needs of cloud and AI customers.Colom

252、bian telco Tigo has also made significant strides by modernizing its Titanium data center in Bogot,securing a Tier 3 Gold certification from the Uptime Institute.This certification,valid through December 2027,ensures the highest standards of operational sustainability,allowing the facility to handle

253、 workloads without disruptions.Additionally,the Zona Franca of Bogot announced plans to create a new Zona Franca dedicated solely to data centers,with an estimated 300MW of power.This project,in collaboration with local power company ENEL,is expected to commence in 2026.*Definition:Definition:Key in

254、dicators are based on operational Hyperscale Cloud,Colo,Edge&Telco data centre facilities in the market and excludes Captive&ICT.KEY INDICATORS*14/20Operators/Data Centers47MWIn operation54MWUC25.5%Colo VacancyH224CONTACTSClick on each name to send an email.FERNANDO LERICIRegional Head of Transactio

255、n MRAFAEL NOLAZCODirector of DJOHN McWILLIAMSHead of Data Center Insights,Global Think Tank1-303-312-ABOUT CUSHMAN&WAKEFIELDCushman&Wakefield(NYSE:CWK)is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices

256、and 60 countries.In 2024,the firm reported revenue of$9.4 billion across its core service lines of Services,Leasing,Capital markets,and Valuation and other.Built around the belief that Better never settles,the firm receives numerous industry and business accolades for its award-winning culture.For additional information,visit .CONTACTSFor more comprehensive insights into Americas markets,contact our team.Click on each name to send an email.JESSICA HOWEVice President,Global Growth VSUBSCRIBE HERE TO RECEIVE REGULAR UPDATES