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Market Intelligence · Digital Infrastructure

Custom Data Center Market Intelligence Reports

Data centre markets are measured in megawatts, and the binding constraint is almost always power rather than land. This report establishes installed and planned critical capacity in a market, what the utility can actually deliver and when, how quickly capacity has been absorbed, and what tenants pay by deployment type.

Market questions this report answers

  • How much critical IT capacity is installed, and by which operators?
  • How much is under construction, and how much is announced but unpowered?
  • What does the utility interconnection queue and timeline look like?
  • What has absorption been, and who is taking the space — hyperscale, enterprise or colocation?
  • What pricing applies per kilowatt or per rack by deployment type?
  • What are fibre routes, carrier density and latency to major hubs?
  • What water, land and zoning constraints apply?
  • What is the risk that announced capacity does not arrive on schedule?

Supply, construction and pipeline

Supply is measured in critical megawatts by facility, with commissioned capacity separated from shell-ready and announced. This distinction matters more here than in any other asset class: announced projects without secured power are not supply, and treating them as such distorts every absorption forecast. Each facility is profiled for operator, density supported, redundancy configuration, connectivity and expansion room.

Demand and economic drivers

Demand is analysed by tenant type — hyperscale leases, enterprise deployments, retail colocation and, where present, high-density compute — because each has a different lease size, term and price sensitivity. Regional drivers include carrier and fibre infrastructure, latency to population and cloud on-ramps, industry presence, and the state incentive environment that has shaped where capacity was built.

Pricing, occupancy and absorption

Pricing is reported per kilowatt per month for wholesale deployments and per rack or per cabinet for retail colocation, with power costs stated separately since electricity price is a large share of tenant economics. Absorption is measured in megawatts taken per year against megawatts delivered, and vacancy is reported against commissioned capacity rather than planned capacity.

Competitive set and transactions

The competitive set is defined by deployment type and by connectivity rather than geography alone: a hyperscale campus and a downtown carrier hotel are not competitors even in the same metro. Operator identity and capital backing are recorded, since they determine who can actually deliver announced capacity. Land transactions and campus assemblies are summarised where reported.

Capacity, saturation and risk

Capacity analysis centres on power: available substation capacity, queue position, utility timelines and any moratorium on new large loads. Additional risks include water availability for cooling, local opposition and zoning change, concentration of demand in a small number of tenants, and construction cost escalation for electrical equipment with long lead times.

Who commissions the report

Developers and operators evaluating a market or a campus, lenders and investors underwriting a project, corporates comparing locations for an enterprise deployment, and economic development bodies assessing what their grid can support. Financed projects normally pair this with a feasibility study.

How it differs from a feasibility study and an appraisal

A market intelligence report describes the market. It tells you how many megawatts a market has, how many it can actually power, and how fast capacity has been absorbed. A feasibility study goes further: it takes one project, applies the market findings to its capital cost and operating model, and reaches a conclusion on whether it works — which is what SBA and USDA programmes require. An appraisal develops an opinion of value for a specific property under professional valuation standards. Many files need more than one, and the market work is common to all three.

See Market Intelligence for the research method, or market research consulting where the question does not fit a package.

Report packages, geography and delivery

Reports are commissioned for a named market and this asset type. Geography runs from a single county to several states, the fee is fixed and agreed with the reports desk once the market and scope are confirmed, and delivery is 3 to 5 business days for standard geographies. Where the project also falls inside one of the seven purchasable property-type families — office, retail, multifamily, warehouse and industrial, mixed-use, hospital and ASC, and gas station and truck stop — the published packages from $1,950 apply and can be priced in the builder on market reports.

Last reviewed September 2026. Every figure in a delivered report carries its source and date; where a figure could not be verified, the report says so.

Frequently asked questions

Why is capacity measured in megawatts?
Because critical IT load, not floor area, determines how much compute a facility can host and what it can charge. Square footage is a poor proxy at modern densities.
Do you count announced projects as supply?
They are listed separately and assessed for whether power, land and capital are secured. Announced capacity without a utility commitment is treated as uncertain.
Is the utility interconnection position covered?
Yes, to the extent the utility and public records disclose it. In most markets it is the single most important constraint on new capacity.
Does the report cover edge or high-density deployments?
Where that demand exists in the market it is analysed separately, since density, cooling and latency requirements differ substantially from conventional colocation.
Can this support a project finance file?
It provides the market and capacity evidence. A financed project normally also requires a feasibility study with capital cost, lease-up and coverage analysis.
Need a data center market report?

Independent, commissioned research for your market. Fixed fee, delivered in 3 to 5 business days.

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All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.

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