Atlanta Sees 21.0 MW Of Data Center Space Under Construction
Cloud user demand sets U.S. data center leasing on pace for record year, according to CBRE.
Demand from large cloud users and global technology companies resulted in increased data center leasing activity and space under construction in Atlanta in H1 2018, according to CBRE’s latest U.S. Data Center Trends Report. The 3.0 megawatts (MW) of absorption Atlanta saw in H1 2018 places the city among the top data center markets in the nation and in an expansion phase.
Atlanta’s data center market is positioned for growth, with 21.0 MW more under construction to meet the strong demand. Expansions by major users, including Switch, CyrusOne, zColo, T5, and Databank added to the market’s momentum during H1 2018. Additionally, more than $5 billion of future investment has been announced by multi-tenant data center providers and hyperscale cloud providers. Despite the new supply, the market’s vacancy rate remained unchanged year-over-year at 14.7%.