Data-center-specific wholesale/colocation vacancy rate by market, with year-over-year change and CAGR across available reporting periods.
as of 12/25 · range shown below is each market's latest reported period
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).
| 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 |
| 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 |
| 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 |