Atlanta

Colocation Insights

• Despite challenges, new data center projects in Metro Atlanta can be completed by 2027. This hinges on strong end-user demand, proactive planning, utility coordination and favorable permitting.
• Despite supply constraints and high absorption, the cost per kW remained relatively stable in H1 2025.
• Next-generation "neo-cloud" companies (AI, Large Language Model, High Performance Compute) are driving demand for larger, faster deployments. They require significant contiguous space and power, influencing development priorities.

Market Trends

• Georgia Power is implementing stricter rules to curb speculative development and protect ratepayers. Developers must demonstrate end-user commitments, zoning confirmation and provide collateral for power procurement.
• Georgia Power has secured over 8 gigawatts (GW) of new generation capacity, scheduled to come online after 2030.
• Electric Membership Cooperatives (EMCs) are becoming increasingly competitive power providers, having recently secured contracts with both end-users and developers.

Notable Activity

• A major hyperscale user preleased over 300 MW and plans to secure an additional 600 MW by year-end.
• Stream Data Centers and Stack Infrastructure secured land use and zoning approvals in Douglas County, paving the way for significant capacity expansion.

Figure 1: Historical Market Information

Figure 2: Historical Supply and Demand

Figure 3: % of Total Primary Market Inventory

Figure 4: Market Fuel Mix

Figure 5: Average Asking Rates