Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Data Center Market Reaches Absorption High

Kevin Imboden • 3/2/2020
The Atlanta data center market enjoyed a strong end to 2019, with the highest quarter of absorption recorded in the market.

Atlanta Data Center stock photo

The fourth quarter accounted of 19 of the 24 MW taken in 2019, buoyed by the widely reported 12 MW lease by Twitter from QTS. This was among the largest deals throughout the country last year. What’s more, it confirmed QTS’s commitment to the city with continued development at the initial Jefferson Street location and the first phase underway at the nearby second location on Marietta Street aiming for a mid-2020 launch.

Facebook’s Newton County data center is also aiming for a 2020 launch. The social media giant acquired the land to great acclaim in early 2018 and is launching the first phase of what will be a multi-phase project. The campus will be powered entirely by renewable energy, with Silicon Ranch developing a 107 MW solar farm in Denton, Georgia, to power the facility. Facebook received a large package of local incentives at project launch, adding to the statewide benefits available to all operators.

Investment in operating assets was quiet throughout 2019, with two facilities in Atlanta (mainly an office building with a data center leased to regional edge operator DC BLOX) and Alpharetta (a leaseback to Data Scan Technologies) selling separately for a total of just under $19 million. A bigger sale closed early in 2020, with Mapletree Investments and Mapletree Industrial teaming up to acquire a data center in Lithia Springs from Digital Realty as part of a much larger national portfolio. Valued at $94 million, the building is home to Cyxtera and Evoque and offers considerable developable land.

As our recent market comparison report indicates, Atlanta remains an attractive data center option thanks to strong fiber, particularly throughout downtown; affordable power; low land cost; and statewide incentives leading to it finishing just outside the top 10 globally.


Related Insights

data center
Article • Data Center

DFW Data Center Report | Year-End 2021

Dallas records its largest multi-tenant data center absorption year on record, heading into 2022 with limited turn-key supply.
Bo Bond • 1/4/2022
5-Fast-Facts-card_750x456_ATL_Office
Article • Office

Atlanta Office Five Fast Facts Q4 2021

The recovery of Atlanta’s office market was evident in Q4 2021 as leasing activity accelerated and employment continued to climb
Christa DiLalo • 1/4/2022
Warehouse forecast
Article • Industrial

ATLANTA - Warehouse Forecast

Despite ample new supply, Atlanta’s vacancy rate will continue to decline and is expected to fall below the 4% mark for the first time in history within the next several months. Continued robust demand for new space coupled with the rising cost of construction will exert strong and prolonged upward pressure on asking rental rates.
Christa DiLalo • 11/18/2021

Ready to talk?

Our professionals are ready to provide further details on this and many other topics.

Cushman & Wakefield uses cookies to analyze traffic and offer our customers the best experience on this website. Close this dialog to confirm your consent, or visit this page to learn more:
Cookie Notice

MORE OPTIONS
Agree and Close
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
AGREE ALL
REJECT ALL
SAVE SETTINGS