Power availability in Phoenix: DCPI verdict CAUTION, composite score 41.9 of 100, as of 2026-10-27. Source: DC Hub.
Data Center Market Deep-Dive · 297 words · generated 2026-10-25 from live DC Hub data · DCPI live as of 2026-10-27
Phoenix has 2,341 MW operational and 557 MW under construction among the verified sites DC Hub lists that report capacity, as of 2026-10-27. By listed capacity the largest operators are Microsoft (450 MW), Vantage Data Centers (394 MW) and EdgeCore Digital Infrastructure (344 MW).
| Status | MW |
|---|---|
| Operational | 2,341 |
| Under construction | 557 |
| Total listed | 2,898 |
| Operator | Under construction MW | Planned MW |
|---|---|---|
| Compass Datacenters | 212 | |
| EdgeCore Digital Infrastructure | 144 | |
| Novva Data Centers | 126 | |
| H5 Data Centers | 50 | |
| Thor Equities | 25 |
Source: DC Hub (dchub.cloud), facility records as of 2026-10-27. Verified sites that report MW only; blank means no MW reported. The "MW, all listings" tile above is a wider measure (every tracked site that reports MW, any status, unverified directory listings included), so it is larger than Total listed.
Broker lease rates (CBRE/JLL): available on paid plans. Asking base rent per kW of critical IT capacity. Electricity is normally billed separately (metered pass-through), plus cross-connects and one-time fees. Signed deals, term and size change the number. Source: CBRE North America Data Center Trends H1 2026 (250+ kW): Phoenix (link)
Phoenix's data center market spans tracked facilities totaling 4,735 MW across operational, under-construction, and planned assets, positioning it as a mid-tier growth corridor constrained by power and grid capacity tensions. The top three operators—CyrusOne, Digital Realty (7), and Aligned (7)—control a meaningful share, though no single player dominates the fragmented landscape. Recent consolidation activity includes RadiusDC's acquisition of PhoenixNAP's Phoenix data center and colocation business, announced on March 12, 2026, signaling continued operator consolidation rather than greenfield competition.
For acquisition-focused investors, this verdict signals that Phoenix capacity is tradeable at fair value, not at distressed premiums; greenfield deployment faces regulatory and infrastructure risks that lengthen capital recovery horizons.
Deal flow remains modest relative to market size. The RadiusDC-PhoenixNAP transaction represents the sole tracked M&A announcement in the current window and reflects a pattern of consolidation among mid-tier operators seeking to build contiguous footprints rather than aggressive inbound capital chasing new supply. Operator dynamics show stability within the top tier, with CyrusOne's facility lead indicating established legacy presence. The absence of hyperscaler-led greenfield announcements in recent months, combined with cited municipal and state-level backlash around power and water consumption, suggests investor caution is warranted even where DCPI scores would nominally permit deployment.
Forward momentum hinges on resolution of permitting friction and utility capacity negotiations, as continued policy headwinds risk further delaying the pipeline of planned assets embedded in the 4,735 MW figure.
| Facility | Operator | Status | MW |
|---|---|---|---|
| Microsoft Azure West US 3 (Phoenix) | Microsoft | Operational | 300 |
| Compass Goodyear Campus (Phoenix) | Compass Datacenters | Under Construction | 212 |
| EdgeCore Mesa Campus PH01 | EdgeCore Digital Infrastructure | Operational | 200 |
| Meta Phoenix DC | Meta | Operational | 200 |
| Vantage Phoenix Campus | Vantage Data Centers | Operational | 200 |
| Aligned Phoenix Campus | Aligned | Operational | 180 |
| Google Mesa | Operational | 150 | |
| Microsoft West Region | Microsoft | Operational | 150 |
| Compass Mesa Arizona | Compass Datacenters | Operational | 120 |
| QTS Phoenix Campus | QTS | Operational | 120 |
| Stack Phoenix | Stack Infrastructure | Operational | 100 |
| Novva Project Borealis Phase 1 | Novva Data Centers | Under Construction | 96 |
| Vantage Phoenix AZ1 | Vantage Data Centers | Operational | 90 |
| Yondr Phoenix | Yondr Group | Operational | 80 |
| EdgeCore Mesa Campus PH02 | EdgeCore Digital Infrastructure | Under Construction | 72 |
| EdgeCore Mesa Campus PH03 | EdgeCore Digital Infrastructure | Under Construction | 72 |
| EdgeCore Mesa | EdgeCore | Operational | 65 |
| Vantage Phoenix V1 | Vantage Data Centers | Operational | 56 |
| H5 Chandler 2 | H5 Data Centers | Under Construction | 50 |
| Stream Phoenix | Stream Data Centers | Operational | 50 |
Largest first by reported MW (blank where not reported). Unverified directory listings are not shown.
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Phoenix: 4,735 MW tracked, any status — live, cited, and queryable by API or MCP.
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JSON: /api/v1/markets/phoenix/deep-dive · DCPI: /dcpi · Operators: /operators · Narrative written 2026-10-25, refreshed on a rolling schedule (about monthly per market); the DCPI score, MW total and facility records above are read live at page load