Secondary Market: Charlotte/Raleigh

Colocation Insights

• Sites suitable for data centers in Charlotte and Raleigh proper are very difficult to procure.
• There is power access in more rural locations within an hour of metros. Fiber availability is scarcer in some locations.

Market Trends

• Developers are trying to identify locations in advance of hyperscale demand.
• Industrial and residential developers have already purchased and developed many sites, causing low inventory.
• Raleigh-Durham and the area surrounding RTP have seen activity, but power and site availability make new development very challenging.

Notable Activity

• Microsoft acquired 450 acres of land in Catawba County for $18.6 million.

Figure 1: Historical Market Information

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 2: Historical Supply and Demand

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 3: % of Total Secondary Market Inventory

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.

Figure 4: Market Fuel Mix

Source: Duke Energy Carolina.

Figure 5: Average Asking Rates

Source: CBRE Research, CBRE Data Center Solutions, H2 2022.