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Washington Data Center Leasing Reaches New High Amid AI Growth
Growth in artificial intelligence is driving data center demand in Washington State, according to CBRE’s latest North American Data Center Trend Report. Seattle ranked 12th in net absorption at 11.1 MW in 2024, up from 10.6 MW of net absorption in 2023.
Tenants and owners are also attracted to the state’s tax incentives, green power and colocation capabilities. Central Washington had the lowest vacancy of all data center markets at 0.16% in H2 2024.
“Washington state’s data center tax exemptions and reliable hydropower have provided some of North America’s lowest total cost of occupancy (TOC) solutions for data center operators and users,” said Jane Blair, senior vice president with CBRE Data Center Solutions in Seattle.
CyrusOne completed its Quincy data center development in Central Washington. In Seattle, Sabey announced plans to expand its SDC Building 4 as well as developing plans to add a new data center building to its campus.
