Data Center Trends Analysis - Toronto

Colocation Insights

• Leasing was relatively muted in H2 2023.

• Lease pricing may rise alongside increasing requirements, due to limited space supply at the three to 10+ MW tier.

• Major permitting issues impacted preleasing activity from 2022 to H1 2023, potentially causing project delays or cancellations.

Market Trends

• Construction timing and delays are interrupting delivery timelines for major projects.

• The feasibility of a development project has depended on the ability to procure and pre-order generators.

Notable Activity

• Digital Realty’s new developments, expansions and power delivery timelines are strongly progressing.

• OVHcloud plans to expand in Canada with a new data center in Toronto.

• Cologix built a 15-MW data center in Markham, Ontario.

article original link: https://www.constructiondive.com/news/data-center-demand-supply-bottlenecks/720141/?utm_source=substack&utm_medium=email