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Central WA, Seattle Rank Lead in North American Data Center Leasing
Washington State was among the top ten markets for data center leasing in 2023, according to CBRE’s latest North American Data Center Trend Report. Data center tenants and operators were attracted to the region’s renewable energy and low power costs, as well as the state’s recently expanded tax abatement program.
Central Washington had 20.9 megawatts (MW) of net absorption – a measure of net leasing activity – in 2023, the eighth highest among the markets. Seattle ranked tenth overall in terms of leasing activity, with 10.6 MW of net absorption in 2023.
“Washington state’s connectivity, data center tax incentives and low-cost green power is attracting tenants and operators from across the U.S. Notwithstanding, availability of large blocks of power are limited, and delivery for new power builds take planning and wait time,” said Jane Blair, first vice president with CBRE Data Center Solutions in Seattle.
