CAPRE Exclusive: CBRE’s Ben Rojahn Talks New Construction, Capital Markets, Demand, Supply and M&A at CAPRE’s Carolinas Data Center Summit

CHARLOTTE, NC – CAPRE’s Carolinas Data Center Summit put its best foot forward by kicking off with a keynote address by Ben Rojahn, Vice-President at CBRE. “State of the Data Center Industry in North Carolina, South Carolina and Emerging Southeast Markets” started broadly before zooming into the regional landscape, and below we highlight some of Rojahn’s frank, yet spot-on, perspective and observations. He began by touching on some of the over-arching trends in the national data center landscape. “There’s huge demand for the hyperscale folks -- though he wouldn’t try to put a definition on that term. "A hyperscaler can put a small presence in a retail colo operator’s facility  They could also take a 100+ MW facility for themselves.  Typically buildings that are dedicated to hyperscalers are designed differently than those built for enterprises," explained Rojahn. "303 megawatts were leased in 2018 in total across the county, in all of the primary markets (including all enterprise and hyperscale capacity leased in primary markets).” he offered. “I’ll touch on the macro-U.S. trends first and then boil it down to the Carolinas. 322 megawatts were delivered by colocation providers, and across the country that translates to about 11% vacancy rate nationally.” “In 2019 there are over 500 megawatts under construction currently, of colocation space. Enterprise requirements, colocation requirements are getting smaller due to the hybrid nature of them,” continued Rojahn. “And rents are relatively staying steady. We used to quote the average rent…