Intelligent Investment
Phoenix
North America Data Center Trends H1 2025
September 8, 2025 4 Minute Read
Colocation Insights
- Absorption of space and power totaled just over 75 MW in H1 2025.
- Several new colocation projects are scheduled for completion over the next 12 months.
Market Trends
- Hyperscale occupiers continue to drive the most demand for space and power.
- Phoenix and Mesa are pushing for more restrictions on new development.
Notable Activity
- Amazon acquired land in Pinal County near Tucson for a new campus.
- SRP conducted a study to deliver power to 26 projects citywide.
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
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