Intelligent Investment
Secondary Market: Charlotte/Raleigh
North America Data Center Trends H2 2022
March 3, 2023 4 Minute Read

Colocation Insights
- Sites suitable for data centers in Charlotte and Raleigh proper are very difficult to procure.
- There is power access in more rural locations within an hour of metros. Fiber availability is scarcer in some locations.
Market Trends
- Developers are trying to identify locations in advance of hyperscale demand.
- Industrial and residential developers have already purchased and developed many sites, causing low inventory.
- Raleigh-Durham and the area surrounding RTP have seen activity, but power and site availability make new development very challenging.
Notable Activity
- Microsoft acquired 450 acres of land in Catawba County for $18.6 million.
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: Duke Energy Carolina.
Figure 5: Average Asking Rates
Source: CBRE Research, CBRE Data Center Solutions, H2 2022.
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