Austin/San Antonio Datacenters Near Full Capacity
During another strong year for data center leasing activity, the Austin/San Antonio market became the second tightest market for vacancy in the U.S. A recent CBRE survey, indicated that just 1.3% of Central Texas’s 154.7 MW of data center inventory remained vacant at the end of 2022, an all-time low, ranking it only behind Northern ... The post Austin/San Antonio Datacenters Near Full Capacity appeared first on Connect CRE.
During another strong year for data center leasing activity, the Austin/San Antonio market became the second tightest market for vacancy in the U.S.
A recent CBRE survey, indicated that just 1.3% of Central Texas’s 154.7 MW of data center inventory remained vacant at the end of 2022, an all-time low, ranking it only behind Northern Virginia (NoVa) for tightest market in the country.
Developers are doing their best to fill the need. “We expect that the record low vacancy rates should be alleviated as the product under construction in both Austin and San Antonio is delivered in late 2023 and early 2024,” said CBRE’s Pat Lynch.
85.5 MW is currently under construction across the region, with a majority (78 MW) being built in San Antonio. The Alamo City remains the region’s largest data center market by inventory with 92.4 MW of space. Austin is home to 62.3 MW of data center space and only 7.5 MW is currently under construction.
The post Austin/San Antonio Datacenters Near Full Capacity appeared first on Connect CRE.
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