Phoenix
Explosive growth driven by hyperscaler demand. Abundant solar resources and available land in the West Valley.
1,200MW
Total Capacity
95
Active Facilities
3.8%
Vacancy Rate
$0.062/kWh
Power Cost
2,800MW
Pipeline
5/10
Regulatory Risk
$150K/acre
Land Cost
12mo
Permit Timeline
Capacity Growth Trend
+2,800 MW pipelineMarket Highlights
- Hyperscaler campuses from Microsoft, Google, Meta
- Water scarcity increasingly scrutinised
- Massive pipeline - one of the largest in the US
55%
Renewable Energy
380 MW
Annual Absorption
Key Providers
Top Facilities (10 tracked)
| Facility |
|---|
| PH1 |
| PH2 |
| PH3 |
| DLR Phoenix |
| VA Phoenix |
| NTT Phoenix |
| Aligned Phoenix |
| Stack Phoenix |
| EdgeConneX Phoenix |
| Lumen Phoenix |
View all 1,138 facilities in our global directory.
Recent Deals
Digital Realty 150MW pre-lease in Phoenix
Full-building pre-lease for a 150 MW facility in the Goodyear submarket, expected delivery Q4 2027.
Microsoft 500MW hyperscale lease - Phoenix
Microsoft signed one of the largest single leases in history - 500 MW across Stream's Goodyear campus.
Switch - Las Vegas SuperNAP expansion
Switch announced a 180 MW expansion of its Las Vegas SuperNAP complex, with Phase 1 delivery targeting Q2 2026. Powered by Switch's proprietary cooling technology.
RadiusDC acquires PhoenixNAP's Phoenix data centre
RadiusDC entered Arizona market by acquiring phoenixNAP's Phoenix colocation facility with plans to expand to 26 MW across two buildings.
CoStar Market Data
Recent Sales (5 in market)
| Property | Price | SF | Date |
|---|---|---|---|
| PHX01 | $44.3M | 135,160 | 02/03/2026 |
| PHX04 | $23.2M | 53,000 | 02/03/2026 |
| PHX02 | $7.9M | 24,092 | 02/03/2026 |
| 2500 W Frye Rd | $130.0M | 191,000 | 10/30/2025 |
| 2475 W Townley Ave | $11.0M | 50,960 | 10/19/2021 |
Available Space (5 properties)
| Property | Avail SF | Rent | Owner |
|---|---|---|---|
| Omnis Data Center | 15,070 | $21.00 | Omnis Network, LLC |
| Agave Business Center | 4,053 | $16.50 | Camco Investment Group |
| Building 1 | 37,240 | $14.76 - 18.04 (Est.) | - |
| Building 4 | 59,000 | $12.33 - 15.08 (Est.) | - |
| Building 7 | 23,800 | $12.53 - 15.31 (Est.) | - |
Interested in Phoenix?
Luke Tatman and our advisory team provide market-specific intelligence, site selection support, and transaction guidance.
Talk to Luke →