Y-o-y change in average data center rents in the U.S. 2014-2023

Published by Statista Research Department, May 14, 2024

In recent years, renting data center space in the United States have soared since 2020. In 2023, the average asking per kilowatt rose by 18.6 percent, which was the largest increase on record. Escalating costs for power, labor, and equipment were some of the main reasons for the price increase.

Year-on-year change in monthly data center average rent in the United States from 2014 to 2023

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Source

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Release date

March 2024

Region

United States

Survey time period

2014 to 2023

Supplementary notes

1,000 kilowatts = 1 megawatt

Wholesale primary market

The source adds the following information: "Rental rates are quoted asking rates for 250+ kW at N+ 1/Tier ||| requirements."

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