Intelligent Data Centres Issue 45 - Page 17

DATA CENTRE PREDICTIONS

HILLSBORO RANKS FOURTH IN US FOR DATA CENTRE LEASING ACTIVITY AND NEW SUPPLY IN H1 2022

The Hillsboro market has the largest construction pipeline in the US , 87 % of which is already preleased . CBRE ’ s new report highlights that this market is a hot spot for data centre interest for investors .

The Hillsboro , Ore . data centre market ranked fourth in the US and first among secondary markets for leasing activity in the first half of 2022 , fuelled by increased demand from social media companies , according to a new report from CBRE .

Overall , the market had 37 megawatts ( MW ) of net absorption in H1 2022 , already surpassing the 21.2 MW of net absorption recorded in all of 2021 .
The appetite for data centre space in Hillsboro shows no signs of slowing down . Vacancy rates dropped to 7 % from 15.2 % year-over-year despite the addition of 30 MW of new supply in H1 2022 ( fourth most in the US ). The Hillsboro market will remain tight for the foreseeable future as 87 % of the 228.8 MW of space under construction has been preleased . The delivery of this space will nearly triple Hillsboro ’ s inventory , which currently stands at 139.4 MW . www . intelligentdatacentres . com
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