Data center markets in North America grew at a healthy pace. While Northern Virginia’s demand once again topped the list, other major markets captured higher absorption when compared to their demand metrics from 2Q 2020. Looking forward, an increase in speculative construction points to the industry feeling good heading into 2021.
Let’s break down the highlights from our 3Q release of data and analysis on North America.
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North American Data Center Market Commissioned Power Grows by 2.8%
In 3Q 2020, North American commissioned power across the top 18 markets increased by 2.8%. Typical market supply growth is approximately 3%, so 3Q supply growth fell in line with the average.
The market supply growth trend also reveals the increased levels of capital continuing to invest in the data center industry, a real estate asset class standing out in the midst of the COVID-19 pandemic.
Sizable capital investments continue to enter the space and we expect this trend to continue for the foreseeable future.
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