Denver Data Center Market Gains Momentum As Power Costs Decline

August 30, 2023 / no comments

Denver’s popularity among startup founders has made the metro area a top destination for data center operators as primary markets struggle with high power costs and low space availability, according to a new report from JLL. 
Denver’s rise in popularity comes as the national data center market navigates imbalanced supply and demand. JLL’s report suggests that secondary markets like Denver are capturing the overflow from primary markets like Northern Virginia that have seen their prices rise by between 20% and 30% year-over-year. 
The firm expects this trend to continue throughout 2024 as artificial intelligence adoption drives demand for data centers. At the same…