{"comps":{"land":[],"powered_shell":[]},"hero":{"composite_score":null,"computed_at":"2026-10-27T06:34:55.960069+00:00","constraint_score":56.8,"excess_power":64.2,"iso":"CAISO","lat":34.05,"lng":-118.26,"name":"Los Angeles","queue_wait_months":null,"slug":"los-angeles","state":"CA","time_to_power_mo":33.9,"time_to_power_months":33.9,"verdict":"CAUTION"},"is_pro":true,"kpis":{"facility_count":218,"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":11,"operational_mw":383.0,"pipeline_mw":0.0,"queue_months":null,"top_operator":{"facility_count":9,"name":"CoreSite"},"total_mw":383.0,"unverified_included":true,"vacancy_pct":null},"live_as_of":{"age_hours":0.2,"iso":"2026-10-27T06:34:55.960069+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":9,"operator":"CoreSite","ranked_by":"facility_count","total_mw":120.0},{"facility_count":7,"operator":"Equinix","ranked_by":"facility_count","total_mw":80.0},{"facility_count":6,"operator":"Digital Realty","ranked_by":"facility_count","total_mw":74.0},{"facility_count":5,"operator":"Colocation America Corporation","ranked_by":"facility_count","total_mw":0.0},{"facility_count":5,"operator":"Equinix, Inc.","ranked_by":"facility_count","total_mw":0.0}],"outlook":{"generated_at":"2026-10-25T09:41:49.528635+00:00","narrative_md":"# Los Angeles Data Center Market Analysis\n\nLos Angeles hosts 218 tracked facilities representing 383 MW across all development stages. The market is dominated by established operators: CoreSite leads with 9 facilities, followed by Equinix with 7 operational sites and 5 additional listings under its parent entity, and Digital Realty with 6 properties. Colocation America Corporation operates 5 facilities. The fragmented operator base reflects typical coastal metro density but also signals limited consolidation pressure to date.\n\nThe CAUTION verdict\u2014driven by excess-power at 64/100 paired with a constraint score of 56/100\u2014targets acquisition-focused buyers specifically. This configuration indicates that while power availability remains serviceable, operational constraints on network throughput, real estate density, or utility interconnection timelines create material friction for scaling existing assets. Buyers evaluating platform acquisitions should model capex requirements for backhaul upgrades and power infrastructure densification rather than assuming plug-and-play expansion economics. The split verdict (strong power, moderate operational constraint) differs materially from markets like Atlanta or Vienna, where constraint scores exceed 59/100, making Los Angeles relatively less restrictive on expansion but still not a greenfield opportunity.\n\nAnnounced deal activity remains thin. Link Logistics' recent sale generated no disclosed transaction value or buyer identity, suggesting either portfolio rationalization or off-market negotiation. This contrasts with national PE momentum: TPG's reported $3.0B acquisition pursuit and Aligned Data Centers' multi-billion-dollar acquisition activity signal intense institutional capital targeting high-density coastal markets. Los Angeles' operator fragmentation\u2014no single player controls more than 9 facilities\u2014creates acquisition targets for consolidators but also indicates that existing landlords have resisted large-scale portfolio sales, potentially reflecting confidence in underlying asset appreciation or reluctance to exit before power-constrained redevelopment phases mature.\n\nForward-looking investors should monitor whether the 56/100 constraint score narrows as fiber-to-facility initiatives and utility capacity expansions complete; near-term buyer entry should prioritize assets with existing high-capacity interconnection rather than spec development.","rationale":null,"verdict":"CAUTION","word_count":301},"pipeline":[{"eta":null,"facility":"Arcadian Infracom Los Angeles PoP","operator":"Arcadian Infracom","power_mw":null,"status":"Under Construction"}],"power_grid":{"gen_additions_mw":7564.6,"interconnection_pending_mw":164942.32,"iso":"CAISO","iso_queue":{"as_of":"2026-07-16","as_of_basis":"source_file_date","basis_note":"Active only, Net MW to grid (Public Queue Report) + Cluster 15 and Cluster 16 requests (NET MW at POI); co-located hybrid projects counted once; excludes Completed (built) and Withdrawn. Since 2026-10-20 this total includes Clusters 15 and 16, which the Public Queue Report alone did not list (that is why it rose from ~74 GW)","iso":"CAISO","queue_kind":"generation_queue","queued_generation_gw":164.9,"source_name":"CAISO queue reports: Public Queue Report (ACTIVE, Net MWs to Grid) + Cluster 15 + Cluster 16 (NET MW POI)","source_url":"https://www.caiso.com/generation-transmission/generation/generator-interconnection"},"queue_capacity_mw":131542.6,"queue_wait_months":null,"reserve_margin_pct":17.0,"time_to_power_as_of":"2026-10-27T06:34:55.960069+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":33.9},"redirect_to":null,"requested":"los-angeles","risk":{"drought_months_d2_plus":null,"errors":{"drought_months_d2_plus":"no_drought_source_ingested"},"water_band":4,"water_band_label":"High","water_category":"mean of 213 Aqueduct 4.0 baseline-annual basins (arid counted as","water_stress":63.6,"wildfire_seismic_note":"WUI wildfire exposure + Pacific seismic zones; check CalOES + USGS hazard layers before final site selection."},"slug":"los-angeles","tier":"FREE"}