Research - AUGUST 27, 2019

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CBRE report: U.S. data center leasing on pace to exceed 2018’s record

by Andrea Zander

Driven by demand from large cloud and enterprise users, U.S. data center leasing is on pace to exceed 2018’s record level, according to CBRE’s U.S. Data Center Trends Report. 

The seven primary U.S. data center markets saw 171 megawatts (MW) of net absorption during the first half 2019, nearly 57 percent of 2018’s full-year record. That absorption nearly eclipsed the 200 MW of capacity added in the first half. Northern Virginia, the largest data center market in the world, accounted for 74 percent of net absorption in the primary markets.

“Enterprise users have adopted hybrid colocation strategies as they seek more business, real estate and IT agility,” said Pat Lynch, senior managing director, data center solutions, CBRE. “This has led them to seek facilities that offer more than just competitive rental rates, including multi-cloud access and dense connectivity. We expect strong demand for space in facilities with interconnectivity and flexibil

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