DALLAS – Local data center market rates are at historic lows, including low electricity rates (3.8 cents to 6.5 cents per kWh), according to a CBRE report.
The market had steady leasing activity in first quarter 2018 with 9.4 megawatts (MW) of net absorption in the colocation market. The construction pipeline is strong with 47.4 MW under construction. There is 38.6 MW currently available.
Low power costs, abundant fiber connectivity, attractive tax incentives, and a low hazard-risk profile combine to make DFW an attractive data center market, the report says.
Vacancy is down 4.4 MW to 18 percent. Inventory sat at 409 MW in first quarter 2018.
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