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Business-friendly regulations and abundant resources drive rapid expansion in Central Texas data center projects.
As the demand for data centers grows to unprecedented levels, new research from real estate firm Jones Lang LaSalle suggests that Texas may soon overtake Northern Virginia as the largest data center market in the world. Consequently, by 2030, Texas is projected to be the top global data center market due to its pro-business climate and plentiful resources.
Traditionally, Northern Virginia has been the dominant market for data centers in the United States, primarily serving federal government customers and major tech firms like Google. However, there has been an increasing shift of developer investment from Northern Virginia (and other traditional markets) to Texas because of its excellent location and economic environment.
Recent research by Jones Lang LaSalle indicates that more than half of the construction of data centers occurring in the U.S. is taking place outside of the leading markets of the industry. In that respect, Texas is one of only three states identified as an emerging data center market along with Tennessee and Ohio. Of the 35 gigawatt added to the U.S. data center market last year, Texas is adding 6.5 gigawatt, which represents 20% of the national total. One gigawatt of power is capable of supplying approximately 750,000 residential homes with electricity.
Texas is exceptionally advantageous to business in multiple ways! Because Texas has managed to develop regulatory and taxation systems that are supportive of business, many corporations have been lured to Texas due to incentive programs and the availability of large tracts of land. The creation of ample tracts of land is especially helpful for data centre developers, as they need large amounts of land along with billions of dollars to develop data centre facilities. The ability to de-annex undeveloped land from a municipality is another regulatory advantage of Texas County.
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