Market Data · Historical Lease Rates

Rate History

Data center lease rates in $/kW/month, by market and workload type, 2017 through 2030 forecast.

Confidence A Directly reported figure B Estimated / Derived C Regional inference / indirect estimate D Not found / insufficient data

† Forecast years: JLL 2026 Global Data Center Outlook's regional CAGR compounded forward from each market's 2026 baseline — not an independently forecasted per-market figure.

US markets (8)

8 MARKETS

Northern Virginia

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSVAAshburnNorthern Virginia2017FYJul 26, 2023143237.4181.8133.097.4ACushman & Wakefield Power and Lease Pricing Outlook250-500 kWWholesale rate; start of a 2017-2020 contraction
North AmericaUSVAAshburnNorthern Virginia2020FYJul 26, 2023103171.0130.995.870.1ACushman & Wakefield Power and Lease Pricing Outlook250-500 kWWholesale rate; -28% from 2017
North AmericaUSVAAshburnNorthern Virginia2023H2Feb 26, 2025150190170282.2216.1158.1115.8ACBRE (H2 2024 North America Data Center Trends)250-500 kW
North AmericaUSVAAshburnNorthern Virginia2024H2Feb 26, 2025175225200332.0254.2186.0136.2ACBRE (H2 2024 North America Data Center Trends)250-500 kWSecond-highest US market after Silicon Valley
North AmericaUSVAAshburnNorthern Virginia2026Q1Jun 17, 2026190235213353.6270.7198.1145.1ACBRE Global Data Center Trends 2026250-500 kWMatches current baseline in market-rate-benchmark.csv
North AmericaUSVAAshburnNorthern Virginia2027ForecastMar 3, 2026227.9378.3289.7211.9155.2CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSVAAshburnNorthern Virginia2028ForecastMar 3, 2026243.9404.9310.0226.8166.1CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSVAAshburnNorthern Virginia2029ForecastMar 3, 2026260.9433.1331.6242.6177.7CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSVAAshburnNorthern Virginia2030ForecastMar 3, 2026279.2463.5354.9259.7190.1CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†

Silicon Valley

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2021FYJul 26, 2023106176.0134.798.672.2ACushman & Wakefield Power and Lease Pricing Outlook10 MW+Hyperscale (4MW+) rate
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2022FYJul 26, 2023154255.6195.7143.2104.9ACushman & Wakefield Power and Lease Pricing Outlook10 MW++45.3% YoY from 2021 (largest YoY jump of the six markets tracked)
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2024H2Feb 26, 2025155250203337.0258.0188.8138.2ACBRE (H2 2024 North America Data Center Trends)250-500 kWRate held steady in this band since H2 2022
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2026Q1Jun 17, 2026230270250415.0317.8232.5170.2ACBRE Global Data Center Trends 2026250-500 kWMatches current baseline in market-rate-benchmark.csv
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2023Q1155250203337.0258.0188.8138.2ACBRE Global Data Center Trends 2023250-500 kW250-500kW band
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2027ForecastMar 3, 2026267.5444.0340.0248.8182.2CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2028ForecastMar 3, 2026286.2475.1363.8266.2194.9CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2029ForecastMar 3, 2026306.3508.5389.3284.9208.6CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSCASan Jose / Santa ClaraSilicon Valley2030ForecastMar 3, 2026327.7544.0416.5304.8223.2CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†

Phoenix

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSAZPhoenixPhoenix2025Q1190315.4241.5176.7129.4ACBRE Global Data Center Trends 2025250-500 kWStable YoY at time of reporting
North AmericaUSAZPhoenixPhoenix2026Q1Jun 17, 2026170210190315.4241.5176.7129.4ACBRE Global Data Center Trends 2026250-500 kWMatches current baseline in market-rate-benchmark.csv
North AmericaUSAZPhoenixPhoenix2027ForecastMar 3, 2026203.3337.5258.4189.1138.4CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSAZPhoenixPhoenix2028ForecastMar 3, 2026217.5361.0276.4202.3148.1CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSAZPhoenixPhoenix2029ForecastMar 3, 2026232.8386.4295.9216.5158.5CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSAZPhoenixPhoenix2030ForecastMar 3, 2026249.1413.5316.6231.7169.6CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†

US primary markets (national average)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSUS primary markets (national average)2024FYFeb 26, 2025184.06305.5233.9171.2125.3ACBRE (H2 2024 North America Data Center Trends)250-500 kWRecord high at the time; +12.6% YoY; third straight year of double-digit growth
North AmericaUSUS primary markets (national average)2025H2195.94325.3249.0182.2133.4ACBRE North America Data Center Trends H2 2025250-500 kW+6.5% YoY
North AmericaUSUS primary markets (national average)2026Q1Jun 17, 2026196215205340.3260.6190.7139.6ACBRE Global Data Center Trends 2026 / Coloprice250-500 kWNational avg ~$196; Northern Virginia specifically ~$215
North AmericaUSUS primary markets (national average)2027ForecastMar 3, 2026219.4364.2278.9204.0149.4CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSUS primary markets (national average)2028ForecastMar 3, 2026234.7389.6298.3218.3159.8CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSUS primary markets (national average)2029ForecastMar 3, 2026251.1416.8319.1233.5171.0CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†
North AmericaUSUS primary markets (national average)2030ForecastMar 3, 2026268.7446.0341.5249.9183.0CJLL 2026 Outlook (regional CAGR)†250-500 kWAMER CAGR 7%/yr†

Atlanta

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSGAAtlantaAtlanta2017H1Aug 14, 2018130155142.5236.5181.1132.597.0BCRE.org Investor Primer (Counselors of Real Estate)250-500 kW>250kW footprint rate, +E (power billed separately)

Austin / San Antonio

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSTXAustin / San AntonioAustin / San Antonio2017H1Aug 14, 2018110130120199.2152.5111.681.7BCRE.org Investor Primer (Counselors of Real Estate)250-500 kW>250kW footprint rate, +E

Boston

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSMABostonBoston2017H1Aug 14, 2018115200157.5261.4200.2146.5107.3BCRE.org Investor Primer (Counselors of Real Estate)250-500 kW>250kW footprint rate, +E; earliest sourced anchor for the Lynnway Park model's home market

Chicago

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaUSILChicagoChicago2017H1Aug 14, 2018135145140232.4177.9130.295.3BCRE.org Investor Primer (Counselors of Real Estate)250-500 kW>250kW footprint rate, +E

International markets (9)

9 MARKETS

London

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
EuropeUKLondonLondon2024Q1160195178295.5226.2165.5121.2ACBRE Global Data Center Trends 2025250-500 kW
EuropeUKLondonLondon2025Q1180215198328.7251.7184.1134.8ACBRE Global Data Center Trends 2025250-500 kW+~11% YoY from Q1 2024
EuropeUKLondonLondon2026Q1165265230381.8292.3213.9156.6CCBRE / datacenterHawk EMEA report250-500 kWEstimated placement within the published FLAP-D $165-265 band; matches current estimate in market-rate-benchmark.csv
EuropeUKLondonLondon2027ForecastMar 3, 2026243.8404.7309.9226.7166.0CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeUKLondonLondon2028ForecastMar 3, 2026258.4428.9328.4240.3176.0CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeUKLondonLondon2029ForecastMar 3, 2026273.9454.7348.1254.7186.5CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeUKLondonLondon2030ForecastMar 3, 2026290.4482.1369.1270.1197.8CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†

Europe (FLAP-D hyperscale band)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
EuropeEurope (FLAP-D hyperscale band)2019FYApr 23, 202693116105174.3133.597.771.5AdatacenterHawk 1Q 2026 EMEA Data Center Market Report10 MW+Regional hyperscale asking-rate band (not a single market)
EuropeEurope (FLAP-D hyperscale band)2026Q1Apr 23, 2026124167146242.4185.6135.899.4AdatacenterHawk 1Q 2026 EMEA Data Center Market Report10 MW+Regional hyperscale asking-rate band (not a single market); current

Global (all regions, weighted average)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
GlobalGlobal (all regions, weighted average)2024Q1210348.6266.9195.3143.0CCBRE Global Data Center Trends 2025 (backed out from stated +3.3% YoY)250-500 kWDerived by dividing the 2025 figure by 1.033; not independently reported
GlobalGlobal (all regions, weighted average)2025Q1217.3360.7276.2202.1148.0ACBRE Global Data Center Trends 2025250-500 kW+3.3% YoY; weighted by inventory across all regions, not primary-US-only

Singapore

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
Asia-PacificSingaporeSingaporeSingapore2023Q1300300498.0381.3279.0204.3BCBRE Global Data Center Trends 2023250-500 kWReported as "over $300/kW"; open-ended lower bound only, no upper figure given
Asia-PacificSingaporeSingaporeSingapore2027ForecastMar 3, 2026419.1695.7532.7389.8285.4CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificSingaporeSingaporeSingapore2028ForecastMar 3, 2026435.9723.6554.0405.4296.8CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificSingaporeSingaporeSingapore2029ForecastMar 3, 2026453.3752.5576.1421.6308.7CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificSingaporeSingaporeSingapore2030ForecastMar 3, 2026471.5782.7599.3438.5321.1CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†

Tokyo

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
Asia-PacificJapanTokyoTokyo2023Q1200332.0254.2186.0136.2BCBRE Global Data Center Trends 2023250-500 kWReported as "holding steady around $200/kW"
Asia-PacificJapanTokyoTokyo2027ForecastMar 3, 2026291.2483.4370.1270.8198.3CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificJapanTokyoTokyo2028ForecastMar 3, 2026302.8502.6384.9281.6206.2CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificJapanTokyoTokyo2029ForecastMar 3, 2026315.0522.9400.4292.9214.5CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†
Asia-PacificJapanTokyoTokyo2030ForecastMar 3, 2026327.6543.8416.4304.7223.1CJLL 2026 Outlook (regional CAGR)†250-500 kWAPAC CAGR 4%/yr†

Americas (1-20MW blended average, all tiers)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
North AmericaAmericas (1-20MW blended average, all tiers)2025FYMar 3, 2026152252.3193.2141.4103.5AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Region-wide blended average across all market tiers, not primary-hub-only, so it reads lower than the CBRE primary-market figures above
North AmericaAmericas (1-20MW blended average, all tiers)2030ForecastMar 3, 2026222368.5282.2206.5151.2AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Forecast; 7% CAGR 2025-2030 projected. JLL notes this may be conservative since the same region ran a 9% CAGR from 2020-2025

APAC (1-20MW blended average, all tiers)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
Asia-PacificAPAC (1-20MW blended average, all tiers)2025FYMar 3, 2026150249.0190.6139.5102.2AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Region-wide blended average, not primary-hub-only (Singapore/Tokyo/Sydney individually price well above this)
Asia-PacificAPAC (1-20MW blended average, all tiers)2030ForecastMar 3, 2026179297.1227.5166.5121.9AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Forecast; 4% CAGR 2025-2030 projected, vs. 3% CAGR realized 2020-2025

EMEA (1-20MW blended average, all tiers)

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
EuropeEMEA (1-20MW blended average, all tiers)2025FYMar 3, 2026158262.3200.8146.9107.6AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Region-wide blended average, not primary-hub-only (Frankfurt/London individually price well above this)
EuropeEMEA (1-20MW blended average, all tiers)2030ForecastMar 3, 2026207343.6263.1192.5141.0AJLL 2026 Global Data Center OutlookBlended (1-20 MW, all tiers)Forecast; 6% CAGR 2025-2030 projected

Frankfurt

Sub-RegionCountryState/ProvinceCity/MetroMarketYearPeriodSource DateEnterprise/Wholesale Rate Low ($/kW/mo)Enterprise/Wholesale Rate High ($/kW/mo)Enterprise/Wholesale Rate Mid ($/kW/mo)AI Training ($/kW/mo)AI Inference ($/kW/mo)Media & Broadcast ($/kW/mo)Mail/Web ($/kW/mo)ConfidenceSourceSize BandNotes
EuropeGermanyFrankfurtFrankfurt2027ForecastMar 3, 2026265.0439.9336.8246.5180.5CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeGermanyFrankfurtFrankfurt2028ForecastMar 3, 2026280.9466.3357.0261.2191.3CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeGermanyFrankfurtFrankfurt2029ForecastMar 3, 2026297.8494.3378.5277.0202.8CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†
EuropeGermanyFrankfurtFrankfurt2030ForecastMar 3, 2026315.6523.9401.1293.5214.9CJLL 2026 Outlook (regional CAGR)†250-500 kWEMEA CAGR 6%/yr†