Atlanta

Colocation Insights

• A majority of new development has been preleased to hyperscale providers.
• Land bank acquisitions have reached over 2,000 acres, with 10 new developers entering the Atlanta market.
• Georgia Power will have to heavily invest in transmission upgrades through the next 12 to 36 months to keep up with demand.
• Over 2 GW of new planned capacity is in the construction pipeline.

Market Trends

• Georgia Power successfully brought online their new Vogtle nuclear facility with over one GW dedicated to data center use.
• Land prices continue to rise, with development migrating to southern and southeastern Atlanta.

Notable Activity

• CoreWeave selected Atlanta for one of their main colocation deployments.
• AWS announced a new Atlanta direct connect location within QTS facility.
• Currently, there are multiple sale-leaseback transactions in due diligence.

Figure 1: Historical Market Information

Source: CBRE Research, CBRE Data Center Solutions, H1 2023.

Figure 2: Historical Supply and Demand

Source: CBRE Research, CBRE Data Center Solutions, H1 2023.

Figure 3: % of Total Primary Market Inventory

Source: CBRE Research, CBRE Data Center Solutions, H1 2023.

Figure 4: Market Fuel Mix

Source: EIA.

Figure 5: Average Asking Rates

Source: CBRE Research, CBRE Data Center Solutions, H1 2023.