Atlanta

Colocation Insights

• Atlanta had its highest volume of colocation leasing activity ever in 2024. The surge highlights the growing demand for data center space in the surrounding region, fueled by both colocation and GPU-as-a-Service (GPUaaS) tenants.
• Many of the multi-tenant data centers currently under construction in Atlanta have been preleased or reserved by single-tenant users.
• A strategic focus on densifying existing multi-tenant data centers is helping to meet demand faster than waiting for traditional new builds. This efficient approach is helping to address the region's rapidly growing need for data center capacity, streamlining occupancy and enhancing market liquidity.

Market Trends

• Georgia Power has a large backlog of requests for more capacity totaling more than 34 gigawatts (GW).
• Zoning restrictions are stalling multiple data center projects across the greater metropolitan area.

Notable Activity

• AWS announced $11 billion in new data center development.
• GPUaaS companies signed deals ranging from 6 to 12 MW with multi-tenant data center providers, reflecting strong demand for AI-driven infrastructure.
• Lincoln Property Co. acquired a DXC data center with plans to redevelop it into a 30-MW colocation facility, adding critical capacity to the market.

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