Secondary Market: Austin/San Antonio

Colocation Insights

• Vacancy remains at an all-time low.
• Austin continues to see interest from hyperscalers.
• Minimal contiguous spaces with 500kW or more of provisioned power remain available in the market.

Market Trends

• Sabey Data Centers, Skybox Datacenters and Switch have space under construction, scheduled for delivery within 18 months.
• Data center developers continue to grow outside of Austin proper, leveraging a deregulated power market to procure electricity.

Notable Activity

• Several developers have facilities under construction.

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: Austin Energy.

Figure 5: Average Asking Rates

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