Intelligent Investment
Secondary Market: Austin/San Antonio
North America Data Center Trends H2 2022
March 3, 2023 4 Minute Read
Colocation Insights
- Vacancy remains at an all-time low.
- Austin continues to see interest from hyperscalers.
- Minimal contiguous spaces with 500kW or more of provisioned power remain available in the market.
Market Trends
- Sabey Data Centers, Skybox Datacenters and Switch have space under construction, scheduled for delivery within 18 months.
- Data center developers continue to grow outside of Austin proper, leveraging a deregulated power market to procure electricity.
Notable Activity
- Several developers have facilities under construction.
Figure 1: Historical Market Information
Source: CBRE Research, CBRE Data Center Solutions, H2 2022.
Figure 2: Historical Supply and Demand
Source: CBRE Research, CBRE Data Center Solutions, H2 2022.
Figure 3: % of Total Secondary Market Inventory
Source: CBRE Research, CBRE Data Center Solutions, H2 2022.
Figure 4: Market Fuel Mix
Source: Austin Energy.
Figure 5: Average Asking Rates
Source: CBRE Research, CBRE Data Center Solutions, H2 2022.
Explore Markets
Hyperscale edge deployments constituted most absorption in 2022.
This market is less active than in prior years, as O&G companies still recover from the pandemic.
The future development pipeline grew, as data center expansion plans are being finalized to provide multi-MW opportunities to support hyperscale demand.
Report Contacts
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