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Hillsboro

North America Data Center Trends H2 2023

March 6, 2024 4 Minute Read

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Colocation Insights

  • CoreWeave leased space at Flexential’s campus.
  • Active construction remains high at 280 MW in H2 2023, with 93.4% preleased.

Market Trends

  • The Port of Cascade Locks and Roundhouse Inc. canceled plans for a 10-MW, $100 million data center development.
  • Strong activity continues in Umatilla.

Notable Activity

  • Aligned Data Centers broke ground on PDX-01, a 72-MW project.

Figure 1: New Market Development Information

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

Figure 2: New Market Inventory and Vacancy

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

Figure 3: % of Total Primary Market Inventory

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

Figure 4: Market Fuel Mix

Source: Portland General Electric.

Figure 5: Average Asking Rates

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

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