Intelligent Investment
Seattle
North America Data Center Trends H1 2025
September 8, 2025 4 Minute Read
Colocation Insights
- AI, enterprise and hyperscalers are fueling colocation demand.
- A state sales and use tax exemption for qualifying data center tenants and operators has boosted leasing activity in the Puget Sound area.
Market Trends
- Providers offering dense power solutions and fast-track occupancy options are drawing attention from occupiers.
- Liquid cooling systems are gaining adoption as rack density increases.
- Consideration of quiet and clean-air gas-powered generators (without public utility interconnection queues) can offer fast-track solutions while awaiting utility power upgrades.
Notable Activity
- Digital Realty's SEA10 (The Westin) is seeing increased colocation demand of up to 1 MW.
- Sabey's 6-MW expansion at SDC Building 5 is scheduled for delivery to two tenants in Q1 2026.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
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