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CBRE: Central Washington Data Center Leasing Jumps 700%
Renewable green hydropower availability and low power rates spurred data center leasing activity to a robust 700% annual spike in Central Washington. The latest report from CBRE reveals the region had 35 megawatts of net absorption in 2022, ranking eighth of the 18 data center markets tracked by the firm.
“Data center operators and tenants are looking for ways to reduce their carbon footprints, and one of the simplest is to go where renewable energy sources are already in place, like the Pacific Northwest. Another advantage is the region’s availability of water, which is a critical part of data centers’ cooling processes,” said CBRE’s Jane Blair.
Central Washington also has the appeal of low power rates, which are about $0.03 per kW as opposed to $0.09 in Seattle and $0.20 in Silicon Valley. The increasing popularity of the region is obvious in the vacancy rate, which has fallen to 6.4%, down from 11.4% at the end of 2021.
- ◦Lease
- ◦Economy
