Power availability in Seattle: time-to-power 19.3 months, as of 2026-10-02. Source: DC Hub.
Data Center Market Deep-Dive · 306 words · generated 2026-10-01 from live DC Hub data · DCPI live as of 2026-10-02
Asking rate range (broker report): $155–$175 /kW/mo (250-500 kW (CBRE quoted asking rate, 250+ kW N+1/Tier III)), H1 2026.
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): Seattle $155-175/kW/mo (link)
# Seattle Data Center Market Analysis
Seattle's data center market is operationally tight, with tracked facilities totaling 450 MW capacity but facing imminent power constraints. The DCPI excess-power score of 54/100 indicates marginal headroom above critical threshold, while the constraint rating of 49/100 signals that infrastructure bottlenecks are approaching parity with available supply. Power availability remains the primary limiting factor: new capacity expansion will depend heavily on regional utility cooperation and transmission upgrades rather than land or real estate availability.
The "CAUTION" verdict reflects a market unsuitable for speculative acquisition at current power-stress levels. Investors considering entry should model conservatively around the existing 450 MW footprint and avoid assumptions of rapid growth until constraint scores improve meaningfully. This environment favors operational buyers and existing operators who can absorb or relocate workloads internally, but deters new entrants or portfolio acquirers betting on utilization upside. Any transaction in Seattle now requires explicit power-supply due diligence; deals that ignore grid limitations risk stranded capacity.
Sabey Corporation dominates the operator landscape with tracked facilities across its two entities (Sabey proper at facilities, Sabey Data Centers at 5), establishing clear market leadership. Digital Realty and H5 Data Centers maintain smaller but meaningful presences at 4 and facilities respectively, while a large "Unknown" operator holds facilities—likely legacy independent assets or non-publicly-disclosed portfolios. Notably, Seattle has recorded zero recent M&A activity in the tracking window, a sharp divergence from broader West Coast momentum and suggesting deal velocity has stalled under current power constraints. This absence of recent M&A, combined with Sabey's dominant operator position, implies the market is consolidation-resistant and that existing players are in holding patterns rather than acquisition mode.
Forward growth in Seattle will likely hinge on resolution of the power-constraint inflection point and the entry of fresh institutional capital into the region's fragmented independent-operator segments.
Seattle: 450 MW — live, cited, and queryable by API or MCP.
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JSON: /api/v1/markets/seattle/deep-dive · DCPI: /dcpi · Operators: /operators · Updated nightly
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