{"comps":{"land":[],"powered_shell":[]},"hero":{"composite_score":null,"computed_at":"2026-10-27T08:30:40.883619+00:00","constraint_score":39.5,"excess_power":59.4,"iso":"WECC","lat":39.74,"lng":-104.99,"name":"Denver","queue_wait_months":null,"slug":"denver","state":"CO","time_to_power_mo":13.2,"time_to_power_months":13.2,"verdict":"CAUTION"},"is_pro":true,"kpis":{"facility_count":155,"headline_basis":"every facility listing DC Hub tracks in this market (operational, under construction, planned and announced; verified and unverified listings included), deduplicated by name + operator across the facilities and discovered_facilities tables. MW is summed over the listings that report capacity (mw_reporting_count of facility_count), so read it as a floor.","lease_rate":null,"mw_reporting_count":19,"operational_mw":334.0,"pipeline_mw":0.0,"queue_months":null,"top_operator":{"facility_count":12,"name":"Flexential"},"total_mw":489.0,"unverified_included":true,"vacancy_pct":null},"live_as_of":{"age_hours":0.1,"iso":"2026-10-27T08:30:40.883619+00:00"},"ma":[],"ok":true,"open_access":"Open to every caller: this is one of the 20 largest US data-center markets by tracked capacity, and its full market briefing (grid, risk, time to power, scores) is free.","operators":[{"facility_count":12,"operator":"Flexential","ranked_by":"facility_count","total_mw":22.0},{"facility_count":7,"operator":"CoreSite","ranked_by":"facility_count","total_mw":118.0},{"facility_count":6,"operator":"DataBank","ranked_by":"facility_count","total_mw":13.0},{"facility_count":5,"operator":"DataBank, Ltd.","ranked_by":"facility_count","total_mw":0.0},{"facility_count":3,"operator":"Equinix","ranked_by":"facility_count","total_mw":40.0}],"outlook":{"generated_at":"2026-10-25T09:43:04.882069+00:00","narrative_md":"# Denver Data Center Market Analysis\n\nDenver's data center footprint spans 155 tracked facilities totaling 489 MW, dominated by three operators\u2014Flexential (12 sites), CoreSite (7), and DataBank (6)\u2014yet the market faces a critical power constraint that undermines near-term expansion. The excess-power DCPI score of 59/100 signals available capacity, but the constraint rating of 39/100 reveals significant headroom limitations that will restrict growth velocity over the next 18\u201324 months. This bifurcation reflects a market with adequate supply relative to current demand but insufficient infrastructure depth to absorb aggressive new deployments without utility coordination challenges.\n\nThe CAUTION verdict is a capital-allocation signal for both buyers and operators considering new deployment or acquisition. A constraint score of 39/100 means power interconnection timelines, grid stability agreements, and utility upgrade costs will become material deal friction. Operators seeking to add capacity or acquire existing facilities should model extended permitting cycles and elevated energy infrastructure costs into project IRR. For acquisition-focused buyers, this is not an AVOID market\u2014Denver retains strategic value as a Tier 1 metro with dense fiber corridors\u2014but it is a yellow-flag market requiring deeper due diligence on power availability at specific sites before commitment.\n\nDeal flow into Denver has stalled entirely; no recent transactions have been tracked. This silence reflects both market maturity and regulatory friction. Denver's recent establishment of a 26-member data center advisory group and concurrent moratorium signal municipal caution around unconstrained facility proliferation. The lack of M&A activity, combined with operator consolidation elsewhere in the region (Aurora, the neighboring micro-market, comprises only 13 facilities and 35 MW), suggests that Denver's largest players\u2014Flexential, CoreSite, DataBank\u2014are prioritizing organic optimization of existing footprints over land acquisition or aggressive expansion. Flexential's 12-facility lead indicates market entrenchment rather than competitive churn.\n\nInvestors should monitor Denver's data center advisory group output closely, as regulatory clarity on power-sharing agreements and interconnection priority could unlock a new deal cycle by late 2027 if constraints are materially relaxed.","rationale":null,"verdict":"CAUTION","word_count":319},"pipeline":[{"eta":null,"facility":"Arcadian Infracom Denver PoP","operator":"Arcadian Infracom","power_mw":null,"status":"Under Construction"}],"power_grid":{"gen_additions_mw":2212.1,"interconnection_pending_mw":null,"iso":"WECC","iso_queue":null,"queue_capacity_mw":11818.1,"queue_wait_months":null,"reserve_margin_pct":20.0,"time_to_power_as_of":"2026-10-27T08:30:40.883619+00:00","time_to_power_basis":"DCPI modelled months to energize a new large load in this market (method: https://dchub.cloud/dcpi/methodology); a model estimate, not a utility date","time_to_power_months":13.2},"redirect_to":null,"requested":"denver","risk":{"drought_months_d2_plus":null,"errors":{"drought_months_d2_plus":"no_drought_source_ingested"},"water_band":3,"water_band_label":"Medium-High","water_category":"mean of 67 Aqueduct 4.0 baseline-annual basins (arid counted as ","water_stress":54.5,"wildfire_seismic_note":null},"slug":"denver","tier":"FREE"}