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New Supply to Northern California

By Stephen Schlenker · 3/8/2022

We have our finger on the pulse of the data center industry. Our team has analyzed one of the latest trends and included a short note on why it's significant to the data center market.

More Planned Power entering the pipeline for Northern California

Northern California Absorption and Vacancy Rate

Northern California is the second-largest data center market in North America. It has grown significantly over the past four years, with a compound annual growth rate of 10.0%. The vacancy is also one of the lowest in the country, with only 3.2% of data center power available. The lack of available land and extended time it takes for projects to be approved and developed has led to demand outpacing the supply.

One project recently started by Harrison Street and Oppidan is working to bring capacity online to meet demand. These companies have teamed up to build a 50 MW data center in Santa Clara by acquiring four properties which total seven acres located along Comstock Street. This new data center project is one of the largest planned in the market and serves as an example of how new entrants are working to deliver supply to meet future demand.

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