{"generated_at":"2026-09-05T09:48:24.328069+00:00","key_stats":{"computed":"2026-09-05T06:30:15.695381+00:00","constraint":54,"dcpi_score":26.1,"excess":38,"facility_count":110,"name":"Columbus","recent_deals":[{"buyer":"Meta","date":null,"mw":null,"seller":null,"value":null},{"buyer":"Duos Technologies","date":null,"mw":null,"seller":null,"value":15.0}],"slug":"columbus","state":"OH","top_operators":[{"count":11,"name":"Google"},{"count":9,"name":"Amazon Web Services"},{"count":8,"name":"Unknown"},{"count":6,"name":""},{"count":6,"name":"Cologix"}],"total_mw":2179.0,"verdict":"AVOID"},"model":"claude-haiku-4-5","name":"Columbus","narrative_md":"# Columbus Data Center Market Analysis\n\nColumbus operates 110 tracked facilities delivering 2,179 MW of capacity, positioning it as a mid-tier Midwest hub. Google dominates operator presence with 11 facilities, followed by AWS with 9 and Cologix with 6, indicating diversified but Google-weighted demand. The market has attracted M&A attention, most notably Duos Technologies' $15 million acquisition of a Columbus data center property with an additional $15 million earnout structure, signaling confidence in specific assets despite broader market headwinds.\n\nThe DCPI verdict of AVOID is unambiguous for capital deployment: an excess-power score of 38/100 combined with a constraint score of 54/100 reflects an oversupplied market with structural friction on both supply and demand sides. The excess-power metric indicates significant idle or uncommitted capacity relative to near-term absorption rates, meaning new entrants and existing operators face compressed unit economics and prolonged lease negotiations. The constraint score of 54\u2014moderately elevated\u2014points to real limitations in grid access, interconnection queues, or water availability that prevent rapid deployment of remaining capacity, creating a bifurcated risk profile: too much supply where it exists, too many barriers where growth is theoretically possible. Acquisition-focused investors should treat Columbus as a clearance play only, pricing for extended hold periods or targeting distressed sellers unable to monetize underperforming portfolios.\n\nDeal flow remains thin and operator-specific. The tracked M&A comprises Duos Technologies' single $15 million property acquisition; Meta's Columbus investments, while real, appear directed at regional trades and infrastructure rather than facility ownership. The operator roster shows no recent major entry or exit among the top five, suggesting market maturity without momentum. Google's 11-facility footprint and AWS's 9 suggest these hyperscalers have completed core positioning and are in maintenance mode; secondary operators like Cologix and the eight \"Unknown\" facilities indicate either legacy regional players or smaller edge operators without aggressive expansion plans. This profile\u2014stable but not growing, concentrated at the top, lacking venture capital heat\u2014makes Columbus a buyer's market for pricing but a seller's market for timing.\n\nForward momentum depends on grid infrastructure and hyperscaler workload shifts; absent material constraint relief or unexpected AI-driven demand concentration in Ohio, Columbus will remain a commoditized market with downward pricing pressure through 2026.","slug":"columbus","word_count":359}