{"comps": {"land": [], "powered_shell": []}, "hero": {"composite_score": null, "computed_at": "2026-11-12T08:45:35.683082+00:00", "constraint_score": null, "excess_power": null, "iso": "WECC", "lat": 36.09, "lng": -115.14, "name": "Las Vegas", "queue_wait_months": null, "slug": "las-vegas", "state": "NV", "time_to_power_mo": null, "time_to_power_months": null, "verdict": "CAUTION"}, "is_pro": true, "kpis": {"facility_count": 70, "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": 5, "operational_mw": 1240.0, "pipeline_mw": 150.0, "queue_months": null, "top_operator": {"facility_count": 12, "name": "Switch"}, "total_mw": 560.0, "unverified_included": true, "vacancy_pct": null}, "live_as_of": {"age_hours": 0.2, "iso": "2026-11-12T08:45:35.683082+00:00"}, "ma": [{"buyer": "DigitalBridge/IFM Investors", "date": "2025-01-01", "mw": 1200.0, "seller": "Switch Inc", "type": "ma", "value": 11000.0, "value_unit": "USD millions"}], "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": 12, "operator": "Switch", "ranked_by": "facility_count", "total_mw": 380.0}, {"facility_count": 6, "operator": "Flexential", "ranked_by": "facility_count", "total_mw": 0.0}, {"facility_count": 3, "operator": "Flexential Corp.", "ranked_by": "facility_count", "total_mw": 0.0}, {"facility_count": 2, "operator": "Novva Data Centers", "ranked_by": "facility_count", "total_mw": 100.0}, {"facility_count": 2, "operator": "Enzu", "ranked_by": "facility_count", "total_mw": 0.0}], "outlook": {"generated_at": "2026-11-07T09:06:11.494206+00:00", "narrative_md": "# Las Vegas Data Center Power & Supply Brief\n\nLas Vegas tracks 70 data center facilities totaling 560 MW across all development stages. Switch operates the largest footprint with 12 tracked sites, followed by Flexential and its affiliated entity with 9 combined facilities. CenturyLink Las Vegas maintains 2 tracked locations. The tracked portfolio spans operational, under-construction, and planned assets, reflecting ongoing infrastructure expansion in the region.\n\nThis combination signals mixed conditions for new power procurement. New entrants and existing operators expanding here face neither acute scarcity nor abundant slack\u2014power availability requires active management but does not present acute barriers to new project development.\n\nNo recent deals are currently tracked in the Las Vegas market, leaving deal flow visibility limited. The operator landscape remains dominated by Switch's significant presence alongside Flexential's multi-property footprint. Regional expansion activity has been documented in news coverage, with Switch publicly discussing plans for new data center builds in the Las Vegas Valley and city officials reviewing expansion approvals. Regulatory activity has also intensified, with Nye County implementing new development rules for potential data center projects, indicating heightened policy attention to the sector's growth trajectory in adjacent jurisdictions.\n\nGrid infrastructure evolution and regulatory clarity around future capacity will shape power availability for the next generation of Las Vegas data center projects.", "rationale": null, "verdict": "CAUTION", "word_count": 259}, "pipeline": [{"eta": null, "facility": "Novva North Las Vegas (Apex)", "operator": "Novva Data Centers", "power_mw": 100.0, "status": "Under Construction"}, {"eta": null, "facility": "Jet.AI & CCE JV Clark County", "operator": "Jet.AI / CCE", "power_mw": 50.0, "status": "Planned"}, {"eta": null, "facility": "Arcadian Infracom Las Vegas PoP", "operator": "Arcadian Infracom", "power_mw": null, "status": "Under Construction"}], "power_grid": {"gen_additions_mw": 741.5, "interconnection_pending_mw": null, "iso": "WECC", "iso_queue": null, "queue_capacity_mw": 16392.2, "queue_wait_months": null, "reserve_margin_pct": null, "time_to_power_as_of": "2026-11-12T08:45:35.683082+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": null}, "redirect_to": null, "requested": "las-vegas", "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 90 Aqueduct 4.0 baseline-annual basins (arid counted as ", "water_stress": 78.6, "wildfire_seismic_note": "WUI wildfire exposure + Pacific seismic zones; check CalOES + USGS hazard layers before final site selection."}, "slug": "las-vegas", "tier": "FREE", "_gated": true, "_locked_fields": ["constraint_score", "excess_power", "excess_power_score", "reserve_margin_pct", "time_to_power_mo", "time_to_power_months", "top_opportunities_json", "top_risks_json"], "_upgrade_cta": "BUILD/CAUTION/AVOID verdicts, the composite score and the market list are free. The DCPI sub-scores (excess-power, grid-constraint, time-to-power) and risk/opportunity detail unlock with the DC Hub plan with every tool: https://dchub.cloud/pricing."}