Data center lease rates in $/kW/month, by market and workload type, 2017 through 2030 forecast.
ConfidenceA Directly reported figureB Estimated / DerivedC Regional inference / indirect estimateD Not found / insufficient data
† Forecast years: JLL 2026 Global Data Center Outlook's regional CAGR compounded forward from each market's 2026 baseline — not an independently forecasted per-market figure.
US markets (8)
8 MARKETS
Northern Virginia
Sub-Region
Country
State/Province
City/Metro
Market
Year
Period
Source Date
Enterprise/Wholesale Rate Low ($/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)
Confidence
Source
Size Band
Notes
North America
US
VA
Ashburn
Northern Virginia
2017
FY
Jul 26, 2023
—
—
143
237.4
181.8
133.0
97.4
A
Cushman & Wakefield Power and Lease Pricing Outlook
250-500 kW
Wholesale rate; start of a 2017-2020 contraction
North America
US
VA
Ashburn
Northern Virginia
2020
FY
Jul 26, 2023
—
—
103
171.0
130.9
95.8
70.1
A
Cushman & Wakefield Power and Lease Pricing Outlook
250-500 kW
Wholesale rate; -28% from 2017
North America
US
VA
Ashburn
Northern Virginia
2023
H2
Feb 26, 2025
150
190
170
282.2
216.1
158.1
115.8
A
CBRE (H2 2024 North America Data Center Trends)
250-500 kW
North America
US
VA
Ashburn
Northern Virginia
2024
H2
Feb 26, 2025
175
225
200
332.0
254.2
186.0
136.2
A
CBRE (H2 2024 North America Data Center Trends)
250-500 kW
Second-highest US market after Silicon Valley
North America
US
VA
Ashburn
Northern Virginia
2026
Q1
Jun 17, 2026
190
235
213
353.6
270.7
198.1
145.1
A
CBRE Global Data Center Trends 2026
250-500 kW
Matches current baseline in market-rate-benchmark.csv
North America
US
VA
Ashburn
Northern Virginia
2027
Forecast
Mar 3, 2026
—
—
227.9
378.3
289.7
211.9
155.2
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
VA
Ashburn
Northern Virginia
2028
Forecast
Mar 3, 2026
—
—
243.9
404.9
310.0
226.8
166.1
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
VA
Ashburn
Northern Virginia
2029
Forecast
Mar 3, 2026
—
—
260.9
433.1
331.6
242.6
177.7
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
VA
Ashburn
Northern Virginia
2030
Forecast
Mar 3, 2026
—
—
279.2
463.5
354.9
259.7
190.1
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
Silicon Valley
Sub-Region
Country
State/Province
City/Metro
Market
Year
Period
Source Date
Enterprise/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 ($/kW/mo)
Confidence
Source
Size Band
Notes
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2021
FY
Jul 26, 2023
—
—
106
176.0
134.7
98.6
72.2
A
Cushman & Wakefield Power and Lease Pricing Outlook
10 MW+
Hyperscale (4MW+) rate
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2022
FY
Jul 26, 2023
—
—
154
255.6
195.7
143.2
104.9
A
Cushman & Wakefield Power and Lease Pricing Outlook
10 MW+
+45.3% YoY from 2021 (largest YoY jump of the six markets tracked)
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2024
H2
Feb 26, 2025
155
250
203
337.0
258.0
188.8
138.2
A
CBRE (H2 2024 North America Data Center Trends)
250-500 kW
Rate held steady in this band since H2 2022
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2026
Q1
Jun 17, 2026
230
270
250
415.0
317.8
232.5
170.2
A
CBRE Global Data Center Trends 2026
250-500 kW
Matches current baseline in market-rate-benchmark.csv
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2023
Q1
—
155
250
203
337.0
258.0
188.8
138.2
A
CBRE Global Data Center Trends 2023
250-500 kW
250-500kW band
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2027
Forecast
Mar 3, 2026
—
—
267.5
444.0
340.0
248.8
182.2
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2028
Forecast
Mar 3, 2026
—
—
286.2
475.1
363.8
266.2
194.9
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2029
Forecast
Mar 3, 2026
—
—
306.3
508.5
389.3
284.9
208.6
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
CA
San Jose / Santa Clara
Silicon Valley
2030
Forecast
Mar 3, 2026
—
—
327.7
544.0
416.5
304.8
223.2
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
Phoenix
Sub-Region
Country
State/Province
City/Metro
Market
Year
Period
Source Date
Enterprise/Wholesale Rate Low ($/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)
Confidence
Source
Size Band
Notes
North America
US
AZ
Phoenix
Phoenix
2025
Q1
—
—
—
190
315.4
241.5
176.7
129.4
A
CBRE Global Data Center Trends 2025
250-500 kW
Stable YoY at time of reporting
North America
US
AZ
Phoenix
Phoenix
2026
Q1
Jun 17, 2026
170
210
190
315.4
241.5
176.7
129.4
A
CBRE Global Data Center Trends 2026
250-500 kW
Matches current baseline in market-rate-benchmark.csv
North America
US
AZ
Phoenix
Phoenix
2027
Forecast
Mar 3, 2026
—
—
203.3
337.5
258.4
189.1
138.4
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
AZ
Phoenix
Phoenix
2028
Forecast
Mar 3, 2026
—
—
217.5
361.0
276.4
202.3
148.1
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
AZ
Phoenix
Phoenix
2029
Forecast
Mar 3, 2026
—
—
232.8
386.4
295.9
216.5
158.5
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
AZ
Phoenix
Phoenix
2030
Forecast
Mar 3, 2026
—
—
249.1
413.5
316.6
231.7
169.6
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
US primary markets (national average)
Sub-Region
Country
State/Province
City/Metro
Market
Year
Period
Source Date
Enterprise/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)
Confidence
Source
Size Band
Notes
North America
US
—
—
US primary markets (national average)
2024
FY
Feb 26, 2025
—
—
184.06
305.5
233.9
171.2
125.3
A
CBRE (H2 2024 North America Data Center Trends)
250-500 kW
Record high at the time; +12.6% YoY; third straight year of double-digit growth
North America
US
—
—
US primary markets (national average)
2025
H2
—
—
—
195.94
325.3
249.0
182.2
133.4
A
CBRE North America Data Center Trends H2 2025
250-500 kW
+6.5% YoY
North America
US
—
—
US primary markets (national average)
2026
Q1
Jun 17, 2026
196
215
205
340.3
260.6
190.7
139.6
A
CBRE Global Data Center Trends 2026 / Coloprice
250-500 kW
National avg ~$196; Northern Virginia specifically ~$215
North America
US
—
—
US primary markets (national average)
2027
Forecast
Mar 3, 2026
—
—
219.4
364.2
278.9
204.0
149.4
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
—
—
US primary markets (national average)
2028
Forecast
Mar 3, 2026
—
—
234.7
389.6
298.3
218.3
159.8
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
—
—
US primary markets (national average)
2029
Forecast
Mar 3, 2026
—
—
251.1
416.8
319.1
233.5
171.0
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
North America
US
—
—
US primary markets (national average)
2030
Forecast
Mar 3, 2026
—
—
268.7
446.0
341.5
249.9
183.0
C
JLL 2026 Outlook (regional CAGR)†
250-500 kW
AMER CAGR 7%/yr†
Atlanta
Sub-Region
Country
State/Province
City/Metro
Market
Year
Period
Source Date
Enterprise/Wholesale Rate Low ($/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)
Confidence
Source
Size Band
Notes
North America
US
GA
Atlanta
Atlanta
2017
H1
Aug 14, 2018
130
155
142.5
236.5
181.1
132.5
97.0
B
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