Intelligent Investment
Denver
North America Data Center Trends H1 2024
August 19, 2024 4 Minute Read
Colocation Insights
- Flexential is building a new data center in Parker, CO.
- Leasing activity remains muted due to a lack of multi-MW space available in any existing data center.
- AI providers are seeking spaces that with large blocks of power.
Market Trends
- Sales tax incentive legislation failed for the second year in a row. The bill is being revised to resubmit in the next legislative session.
- Data center developers remain focused on Aurora due to land and power availability.
Notable Activity
- There is 15 MW of available capacity across 27 regional facilities.
- Only two regional facilities can accommodate large amounts of continuous power and space.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
Figure 5: Average Asking Rates
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Demand remained robust, with a shortage of large available space blocks.
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Rental rates remained firm due to reductions in available supply and power.
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