The North American data center market is at near capacity, which means that enterprises looking for colocation services may not be able to get the space they need at the data center they want, or they may have to pay a premium for it.
Market researcher datacenterHawk, which helps companies search for colocation and cloud service providers, says that the North American data center market is facing record-high demand, although the rate of growth has slowed somewhat due to economic headwinds.
High demand and low inventory (available space) have resulted in a vacancy rate in major North American markets of just 2.88%, according to datacenterHawk’s 1Q 2023 Data Center Market Recap. In the secondary markets, it’s 5%.
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Source:: Network World – Data Center