DALLAS – Dallas-Fort Worth’s data center inventory has grown 225 percent since the first half of 2015, according to CBRE’s first half 2021 data center report.
The Metroplex has 367.3 megawatts (MW) of inventory, up 19.9 MW from the first half of 2020. Northern Virginia is the only wholesale primary market with more inventory and faster six-year inventory growth.
DFW’s vacancy rate fell 260 basis points over the year to 18.5 percent. That’s the highest vacancy rate of the primary markets.
Net absorption was at 3.7 MW in the first half of the year, down 8.5 MW. Rental rates were between $100 and $140 per kilowatt (kW) per month.
Of the secondary markets, Austin/San Antonio had the second-largest inventory at 150.6 MW. It also had the lowest vacancy rate of the secondary markets at 3.1 percent. Absorption was at 3.4 MW, and rental rates were between $125 and $140 per kW/month.
Houston had the fourth-largest inventory of the secondary markets at 133.5 MW. Vacancy fell to 21.6 percent, and rents were at $120-$140 per kW/month.
Get more industrial news on the Texas Real Estate Research Center’s website:
- Texas Quarterly Commercial Report
- DFW, Austin, San Antonio, and Houston industrial news
Source: CBRE