Sep 15, 2016
Mega-what? DFW data center pipeline brings major megawatts
DALLAS-FORT WORTH - A surge of demand for data center space in DFW has the region hitting record levels of leasing velocity, but CBRE says the biggest boom could soon...
DALLAS-FORT WORTH – A surge of demand for data center space in DFW has the region hitting record levels of leasing velocity, but CBRE says the biggest boom could soon be on its way.
Last year, North Texas absorbed 42 megawatts of data center space, which ranked it as the No. 2 market in the U.S. following Northern Virginia—who absorbed more than 70 megawatts—by a long margin.
The biggest data center deal—a $1 billion data center campus for Facebook—is wrapping up in Fort Worth, with completion expected by the end of the year.
Other data center operators, such as Carrollton-based CyrusOne, Digital Realty, RagingWire, ViaWest, T5 and QTS, are also expanding data center facilities.
Leasing in North Texas for first half 2016 has also done well, with 6.7 megawatts net absorbed this year and a 20.5-percent vacancy rate.
In all, CBRE is tracking 730,000 sf, or 49 megawatts of construction expected to deliver by the end of the year through the first half of next year.
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