Intelligent Investment

Montreal

North America Data Center Trends H1 2024

agosto 19, 2024 4 Consumo de tiempo Read

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Colocation Insights

  • Large blocks of available colocation capacity are increasingly rare, with only small pockets available in many facilities.
  • Although pricing is up across the market, providers are very flexible around ramp and growth options if introduced in the initial contract.

Market Trends

  • Most capacity providers are seeing significant demand from GPU Cloud service providers.
  • For larger blocks of capacity, operators are very reticent to provide space to GPU Cloud service providers when they could otherwise lease to conventional CSPs.
  • Incremental demand from CSPs for colocation has quieted as CSPs focus on larger power procurements.

Notable Activity

  • The second phase of Qscale’s Quebec City facility was leased.
  • Cologix MTL10 has been taken off the market in anticipation of a lease to a single tenant.
  • eStruxture Data Centres announced a recapitalization, with Fengate becoming majority owner.

Figure 1: Market Development Information

 
Source: CBRE Research, CBRE Data Center Solutions, H1 2024.

Figure 2: Market Inventory and Vacancy

 
Source: CBRE Research, CBRE Data Center Solutions, H1 2024.

Figure 3: Market Fuel Mix

 
Source: Hydro Quebec.

Figure 4: Average Asking Rates

 
Source: CBRE Research, CBRE Data Center Solutions, H1 2024.

Explore More Markets

  • Informe regional | Intelligent Investment

    New York Tri-State

    agosto 19, 2024

    north-america-data-center-trends-h1-2024-NEWYORK-hero

    Record-high demand remained unfulfilled due to record-low available supply.

  • Informe regional | Intelligent Investment

    Northern Virginia

    agosto 19, 2024

    north-america-data-center-trends-h1-2024-NORTHERN-VIRGINIA-hero

    Rental rates continued to rise as the vacancy rate was near zero.

  • Informe regional | Intelligent Investment

    Toronto

    agosto 19, 2024

    north-america-data-center-trends-h1-2024-TORONTO-hero

    Leasing activity with CSPs was led by Microsoft in Toronto with approximately 30 MW of commitments and 700 MW of manager services commitments in H1 2024.

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