Primary Market: Atlanta

Colocation Insights

• Over 1,000 acres have been acquired for future wholesale and hyperscale data center development.
• Substation construction lead times have doubled in the last 6 months due to surging demand.
• Atlanta is a huge beneficiary of NOVA power restrictions, with over 1 GW of new planned capacity.

Market Trends

• Georgia Power will expand solar power generation by 233% by 2025.
• Data Center providers are competing with industrial developers for the same land sites, creating a spike in land prices.

Notable Activity

• At least four new colocation providers will enter the Atlanta market, with new capacity scheduled for early 2024.
• Sony Corporation leased over 2 MW at Evoque Data Centers.

Figure 1: Historical Market Information

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 2: Historical Supply and Demand

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 3: % of Total Primary Market Inventory

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 4: Market Fuel Mix

Source: EIA.

Figure 5: Average Asking Rates

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.