Market Data · Vacancy Rate by Market
Vacancy & Absorption
Data-center-specific wholesale/colocation vacancy rate by market, with year-over-year change and CAGR across available reporting periods.
Confidence
A Directly reported figure
B Estimated / Derived
C Regional inference / indirect estimate
D Not found / insufficient data
Periods are month/year of period end (mm/yy). Y/Y is the change vs. the same month one year earlier, in percentage points. CAGR is annualized across the earliest and latest available points for that market (shown only where the span is at least ~1 year).
US markets — vacancy rate by period
VACANCY %| Market | Y/Y | CAGR | 03/26 | 12/25 | 06/25 | 03/25 | Conf. |
|---|---|---|---|---|---|---|---|
| Northern Virginia, VA | -0.5pp | -60.5% | 0.3% | 0.5% | 1% | 0.76% | A |
| Atlanta, GA | -2.6pp | -72.2% | 1% | — | 1% | 3.6% | A |
| Chicago, IL | -0.9pp | -29.0% | 2.2% | — | — | 3.1% | A |
| Dallas-Fort Worth, TX | -0.6pp | -25.0% | 1.8% | — | — | 2.4% | A |
| Phoenix, AZ | — | — | — | — | 3% | 1.7% | A |
| US primary markets (national average) | -0.5pp | -26.3% | — | 1.4% | — | — | A |
US markets — net absorption & pipeline, FY2025
MW, FY2025| Market | Net Absorption (MW) | Primary Market Supply (MW) | Under Construction (MW) | Notes | Conf. |
|---|---|---|---|---|---|
| Northern Virginia, VA | 1,102.0 | — | — | Led all primary markets for FY2025 net absorption | A |
| Dallas-Fort Worth, TX | 470.8 | — | — | +424.0 MW YoY — underscores the market's growing hyperscale appeal | A |
| US primary markets (national total) | 2,497.6 | 9,432 | 5,994.4 | Absorption a record (prior record 1,809.5 MW, FY2024). Supply +36% YoY. Under construction down from 6,350.1 MW — first YoY decline since 2020. | A |
International markets — vacancy rate by period
VACANCY %| Market | Y/Y | CAGR | 06/26 | 03/26 | 03/25 | Conf. |
|---|---|---|---|---|---|---|
| London, UK | — | — | 7.4% | 8.6% | — | A |
| Frankfurt, Germany | — | — | 3.1% | 5% | — | A |
| Paris, France | — | — | 8% | 6.7% | — | A |
| Amsterdam, Netherlands | — | — | 6.5% | 9.4% | — | A |
| Dublin, Ireland | — | — | 7.2% | — | — | A |
| Singapore, Singapore | +0.0pp | +0.0% | — | 2% | 2% | A |
| Sydney, Australia | — | — | — | 4.5% | — | A |
| Tokyo, Japan | — | — | — | 6% | — | A |
| Hong Kong, Hong Kong | -10.0pp | -35.7% | — | 18% | 28% | A |
| Sao Paulo, Brazil | +0.1pp | +1.1% | — | 9.6% | 9.5% | A |
| Santiago, Chile | — | — | — | 3.3% | — | A |
| Queretaro, Mexico | — | — | — | 11% | — | A |
| Bogota, Colombia | -2.5pp | -11.8% | — | 19% | 21% | A |