Petroc Taylor
Research expert covering global developments in the use of data
Get in touch with us nowNorthern Virginia was by far the world’s largest data center market by total inventory in the first quarter of 2023. The region had a reported inventory of over 2,100 MW, which was more than twice that of London, the second-largest market.
The Northern Virginia region has maintained a remarkable position as a data center hub. Data center facilities cluster around Loudon, Prince William, and Fairfax counties, with operators keen to locate close to east coast metropolitan areas. Vacancy rates in such facilities are notably low, reflecting the continued demand for capacity in the region. However, new rules and standards could see a slowdown in construction moving forward. In addition, while Northern Virginia is not the world’s most expensive market for data center construction, considerably lower construction costs in alternative North American markets could prompt investors to reassess.
Europe’s leading data center hubs are often collectively referred to as the FLAPD market, standing for Frankfurt, London, Amsterdam, Paris, and Dublin. These markets are driving forwards a European data center industry forecast to generate almost 78 billion euros in 2024, with newly adopted European Union sustainability reporting requirements set to dominate the agenda.
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Overview
Data center markets
Industry challenges
Cloud and hyperscale data centers
Infrastructure
* For commercial use only
Basic Account
Starter Account
The statistic on this page is a Premium Statistic and is included in this account.
Professional Account
1 All prices do not include sales tax. The account requires an annual contract and will renew after one year to the regular list price.