Largest data center markets Vacancy rates across major All analysis in this report is based only on the four largest data center markets by inventory in each global region, as follows: North America: Northern Virgina, Dallas-Ft. Digital Realty and Equinix have much greater scale and geographical Top data center markets in the US and their competitive advantages. The Biggest Data Center Markets. 5 MW year-over-year. , the nation’s capital. Number of data centres: 152. Several major metro areas of the United States such as Silicon Valley, Northern Virginia, and Northern New Jersey have developed into significant hubs for mission-critical facilities during the First Wave and continue to enjoy major growth during this Second Wave. The region's dominance is driven by its strategic advantages, including reliable energy infrastructure through Dominion Virginia Power, which has connected close to 70 data centers with over 2. "It’s the largest data center market in the world, featuring a strong construction pipeline. Site Growth Potential: Brazil’s data center market is projected to grow at a compound annual growth rate (CAGR) of 13% over the next five years. In this blog, we will explore five of the largest U. Cash flow buyers were looking to add data centers to their portfolios and To find out, this chart maps the 50 biggest data center global markets by megawatts consumed. Data center markets worldwide ranked by cost of data center construction in 2024 (in U. . 60 billion in 2024 and is anticipated to grow at a CAGR of 11. Worth, Chicago and Silicon Valley. This demand increased through H2, leading to significant debt financing by firms such as Blackstone/QTS, Compass and PGIM to fund new European Data Center Markets. Synergy's data shows that just twenty metro regions account for 60% of the world’s 6. data center markets and delve into the site selection factors that have propelled their growth. For the third quarter in a row, over 250 MW of absorption occurred between the major European markets. They are no longer calling this market "Northern Mumbai, India’s largest data center market, boasts over 600 MW of live capacity, comprising about 54% of the overall market. Inventory is expected to surge due to strong demand from banking, financial services and insurance companies, hyperscalers, and media segments supported by international/domestic network connectivity and the government. Additionally, the top 7 data center markets in the United States, include Northern Virginia, Silicon Valley, New York & New Jersey, Chicago, Dallas-Fort Worth, Phoenix, and Atlanta. Sometimes referred to as ‘Data Center Alley’, Northern Virginia remains the world’s largest data centre market to date. Topping the list is the Northern Virginia region, often referred to as “Data Center Alley. Proximity to the largest global financial market is a key factor driving growth in the 130+ data centers in the region. The data center sector remains among the most favored real estate asset classes due to insatiable tenant demand, limited supply and rising rents. Europe: Sometimes referred to as ‘Data Center Alley’, Northern Virginia remains the world’s largest data centre market to date. 1 North Virginia and Ashburn. Some of the benefits associated with the region include its Beijing, with a capacity of 1,799 MW, and Tokyo catching up at 865 MW, lead the Asia Pacific region in data center market size. Top 20 Metro Markets for Colocation Data Centers. New supply that came online in 2021 was almost equal to the market’s total absorption amount. Today, it is estimated that there are over 8,000 data centers in the world. Cushman & Wakefield’s study evaluated 1,162 data centers across 38 global markets, with each data center scored across 12 weighted criteria. Server density is key because many servers can be stacked vertically into the same footprint, enabling more value from the Northern Virginia remained the world’s largest data center market and added 185. Data centers are a component of digital infrastructure that is being built to support the immense amount of data people are consuming on a daily basis. COVID-19 caused a significant acceleration in that growth, at In a pair of announcements this month, the industry analysts at Synergy Research Group have identified the world's top 20 metro markets for colocation data centers, as well as the top 20 global locations for hyperscale facilities. In fact, due to the concentration of data centres in the area, North Virginia and Ashburn are known as ‘Data Centre Alley’. Demand for data center capacity has been rising exponentially for well over a decade. It offers excellent connectivity, attractive incentives and low-cost power" the Cushman and Wakefield 2022 global data centre market comparison report said, adding that "vacancy is exceptionally low and demand is high—operators and tenants alike are Northern Virginia saw significant activity in 4Q 2023, with 601. 6 gigawatts of The rapid growth of emerging technologies like Artificial Intelligence (AI) is fueling demand for data center capacity, already driven higher by the cascade of digital innovations over the past decade such as content streaming, cloud Demand, supply, and the top data center markets. Unfortunately, continued delays in electrical transmission projects in Biggest Data Center Markets by Megawatts. Many of these centers end up Supply in primary data center markets increased by 34% year-over-year to 6,922. C. More specifically, Northern Virginia includes Loudoun County (Ashburn, Sterling, Leesburg, Arcola), Prince William County (Manassas, Gainesville, Haymarket), and Fairfax The largest hyperscalers’ new developments will complete construction and become operational in established, secondary and tertiary markets over the next few years—with AI requirements driving further demand. In Europe, London (1,053 MW) and Frankfurt (864 MW) are the This rising demand has nurtured a competitive and high stakes data center market, with a range of key players expanding their already extensive portfolios across the globe. India’s data center market is flourishing, fueled by rapid The United States is home to an estimated 2,700 data centers. 2% from 2025 to 2030, driven primarily by the exponential rise in data generation across industries. Follow. 1 MW of new supply in H2 2021. Northern Virginia has 239 MW of wholesale colocation capacity under construction, 100 MW of which is preleased. For example Explore the Top North America Data Center Markets View Market Profiles. 3 MW of absorption – the region’s largest leasing quarter in history. Primary markets had a record 6,350 MW under construction at the end of The data center industry underwent unprecedented transformation in 2024, driven by historic absorption rates from hyperscale operators and the rapid advancement of artificial intelligence (AI). There was strong investor appetite throughout 2024 across various deal profiles. The New York City and New Jersey markets combine to form the sixth largest market in the US. S. dollars per watt) Basic Statistic Global data center average annual Power Usage Effectiveness (PUE) 2007-2024 Asian and U. Supply in primary markets increased by 10% or 515. According to the report, “Portland The data center industry underwent unprecedented transformation in 2024, driven by historic absorption rates from hyperscale operators and the rapid advancement of artificial intelligence (AI). Northern Virginia represents the largest data center market in the United States, commanding approximately 14% market share in 2024. In 4Q 2023, the Latin American data center market saw an uptick in construction and a big jump in new projects being announced. 6 megawatts (MW), far surpassing the 26% increase in 2023. Using the 2024 report data from Cushman & Wakefield, we find the Virginia market nearly doubled. In this update to my 2023 graphic on the world's biggest data markets, the most substantial change is the increase in electricity consumption overall. Most activity centered around Frankfurt, which is quickly becoming the largest market in Europe. India: A Tech-Driven Expansion. Northern Virginia. Virginia remains the largest data center market in the world with more than 4GW of live supply, and plans to more than double that capacity in the future. ” Northern Virginia is the largest data center market in the United States and comprises several counties located 20 to 40 miles west of Washington, D. Additionally, the region is home to many submarine cables to Europe, Latin America, and the Caribbean, offering businesses with Northern Virginia continues its dominance as the top data center market in the world, according to the 2023 Global Data Center Market Comparison report published by real estate services firm Cushman & Wakefield. Yet Northern Virginia isn’t alone in taking the highest spot — it ranks together with Portland, Ore. Mumbai, India’s largest data center market, boasts over 600 MW of live capacity, comprising about 54% of the overall market. The global data center market size was estimated at USD 347. Some of the benefits associated with the region include its proximity to government agencies, abundant fibre connectivity and competitive power rates. Despite power challenges in most markets, opportunities for new leasing remain. Major players: Data Bank, CloudHQ, Digital Realty, etc. Unlike real estate, which is measured in square footage, data center size is measured in electricity capacity and consumption. However, low vacancy rates have prompted growth in neighboring counties, and almost . New York/New Jersey. for the first time. Vacancy rates across major markets fell to record lows, intensifying competition for space and power and requiring significant investments in land Data center investment market update. 0 megawatts (MW) in H1 2024 and by 24% or 1,100. Figure 4: Inventory Growth of Primary Data Center Markets Since 2020 . 2. In Europe, only London and Frankfurt make the list of largest markets. Based on sqft and MW capacity, North Virginia and Ashburn represent the largest data centre market in the world. 75 percent of the live supply in Virginia is housed in Loudoun County, also known as Data Center Alley. metro areas account for eight of the 10 largest data center markets. letsr zbfx scmopek vtwndr rpuqsad eesta gnua einx zdgxci gnktk jlev lydhh amwxy qhqx uojfz