Intelligent Investment
Atlanta
North America Data Center Trends H1 2024
august 19, 2024 4 Minute Read
Colocation Insights
- Continued preleasing activity kept vacancy rates historically low.
- Several 6 MW leases were signed by AI providers.
- Lease rates for renewals and new requirements were at an all-time high.
Market Trends
- Developers requested 23,000 MWs in additional capacity from the local utility company to accommodate new data center projects.
- New metro Atlanta submarkets began to open for data center development.
Notable Activity
- Henry County had more than 500 MWs of data center projects underway.
- Multiple data center projects continued to expand westward from Lithia Springs and through I-20 East toward Social Circle.
- Edge continued to develop multiple data center buildings with more than 40 MWs of power scheduled for delivery over the next 24 to 36 months.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Primary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
Explore More Markets
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CyrusOne announced plans to deliver more than 1 MW of additional capacity.
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Preleasing hit a record-high 94.5% of MW under construction.
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Rental rates continued to rise as the vacancy rate was near zero.
Report Contacts
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Data Center Solutions
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