Intelligent Investment
New York Tri-State
North America Data Center Trends H1 2025
September 8, 2025 4 Minute Read
Colocation Insights
- No capacity of more than 5 MW is currently available in the market.
- Pricing is at a record high for colocation facilities due to little available supply.
- AI-related occupiers are preleasing in 5-to-10-MW increments where available.
Market Trends
- Confirmed power availability is taking precedence over other site-selection criteria.
- Supply chain procurement is leading developers to seek equipment directly from manufacturers.
- Demand for legacy space continues to drive record-low vacancy and record-high pricing.
Notable Activity
- Databank plans to expand its Orangeburg, NY campus now that the first phase is fully leased.
- CoreSite has only a few MW remaining in its NY3 data center, while NY4 remains under construction.
- Equinix is bringing its NY3 project to market, the firm’s 10th Tri-State data center.
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
Metro Atlanta data center market faces challenges, but new projects can be completed by 2027 with strong demand and planning.
Montreal's data center market sees strong demand for AI-ready capacity, with most growth from existing operators with power allocations.
- Local Response | Intelligent Investment
Northern Virginia Data Center Market
September 8, 2025 4 Minute Read
Colocation vacancy rate rises to 0.72% in H1 2025. Limited availability drives expansion into emerging areas with rising rental rates.
Data Center Solutions
Report Contacts
William Hassan
Executive Vice President
Jonathan Meisel
Senior Vice President
