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Austin/San Antonio Trail Only Silicon Valley in Data Center Vacancy
The Austin/San Antonio data center market had the second-lowest vacancy rate in North America in the first half of 2021, according to CBRE’s latest North American data center trends report. Despite the addition of 4 megawatts (MW) of data center space in first half of the year, the market has the second-tightest vacancy rate in North America at 3.1 percent, behind only Silicon Valley (1.6 percent).
There was 3.4 MW of net absorption in the first half of 2021, down 43.3 percent year-over-year. Absorption should increase in the second half of 2021 with 31.5 MW currently under construction.
“The Central Texas colocation market is incredibly competitive right now due to the lack of available product, but that should be alleviated by recent activity including Switch’s acquisition of over 30 acres of land in Round Rock,” said Mikey Jaillet, associate, CBRE. “The influx of recent acquisitions in the area shows that Central Texas is viewed as a contender for national data center transactions.”
- ◦Lease
