Intelligent Investment
Southern California
North America Data Center Trends H2 2023
March 6, 2024 4 Minute Read
Colocation Insights
- Power rates are trending towards the high end of their $0.13 to $0.16 range.
- Cyxtera data centers will change ownership in Q1 2024.
- Pricing increased for wholesale requirements despite no change in asking rental rates for retail colocation requirements.
Market Trends
- A significant volume of space was vacated and released by new occupiers in H2 2023.
- Akamai launched cloud computing sites across the U.S. and France. Los Angeles will host a future site.
Notable Activity
- CoreSite and Serverfarm delivered new multi-MW capacity to the market.
- Edge Data Centres acquired Los Angeles-based data center firm Multacom.
Figure 1: Historical Market Information
Figure 2: Historical Supply and Demand
Figure 3: % of Total Secondary Market Inventory
Figure 4: Market Fuel Mix
*Includes solar, wind, geothermal, biomass and small hydro.
Figure 5: Average Asking Rates
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There was significant preleasing volume in 2023 for spaces over 1 MW.
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