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Houston

North America Data Center Trends H2 2023

March 6, 2024 4 Minute Read

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Colocation Insights

  • Vacancy is down from 24% in H1 2023 to 19.7% in H2 2023.
  • A major operator has 9 MW of expected deliveries over the next 18 months.

Market Trends

  • There is continued occupier demand from the oil and gas industry.

Notable Activity

  • Second-generation and legacy space is returning to the market.

Figure 1: Historical Market Information

Source: CBRE Research, CBRE Data Center Solutions, H2 2023.

Figure 2: Historical Supply and Demand

Source: CBRE Research, CBRE Data Center Solutions, H2 2023.

Figure 3: % of Total Secondary Market Inventory

Source: CBRE Research, CBRE Data Center Solutions, H2 2023.

Figure 4: Market Fuel Mix

Source: U.S. EIA.

Figure 5: Average Asking Rates

Source: CBRE Research, CBRE Data Center Solutions, H2 2023.

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