{"comps": {"land": [], "powered_shell": []}, "hero": {"composite_score": null, "computed_at": "2026-11-12T08:45:19.041883+00:00", "constraint_score": null, "excess_power": null, "iso": "WECC", "lat": 33.45, "lng": -112.07, "name": "Phoenix", "queue_wait_months": null, "slug": "phoenix", "state": "AZ", "time_to_power_mo": null, "time_to_power_months": null, "verdict": "CAUTION"}, "is_pro": true, "kpis": {"facility_count": 246, "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": 45, "operational_mw": 3258.0, "pipeline_mw": 637.0, "queue_months": null, "top_operator": {"facility_count": 11, "name": "CyrusOne"}, "total_mw": 4323.0, "unverified_included": true, "vacancy_pct": null}, "live_as_of": {"age_hours": 0.1, "iso": "2026-11-12T08:45:19.041883+00:00"}, "ma": [{"buyer": "RadiusDC", "date": "2026-03-12", "mw": null, "seller": "PhoenixNAP", "type": "M&A", "value": null, "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": 11, "operator": "CyrusOne", "ranked_by": "facility_count", "total_mw": 210.0}, {"facility_count": 7, "operator": "Vantage Data Centers", "ranked_by": "facility_count", "total_mw": 539.0}, {"facility_count": 6, "operator": "Digital Realty", "ranked_by": "facility_count", "total_mw": 0.0}, {"facility_count": 5, "operator": "Aligned", "ranked_by": "facility_count", "total_mw": 780.0}, {"facility_count": 5, "operator": "Iron Mountain", "ranked_by": "facility_count", "total_mw": 0.0}], "outlook": {"generated_at": "2026-11-09T09:01:25.914896+00:00", "narrative_md": "# Phoenix Data Center Market Brief\n\nPhoenix operates 246 tracked facilities across 4,323 MW, making it a mature regional hub anchored by three operators: CyrusOne (11 facilities), Vantage Data Centers (7), and Digital Realty (6). The market spans operational, under-construction, and planned assets, reflecting both legacy infrastructure and ongoing expansion. Recent M&A activity includes RadiusDC's acquisition of PhoenixNAP's Phoenix data center and colocation business, announced March 12, 2026.\n\nThis combination reflects a market where available capacity exists but faces meaningful delivery obstacles. Projects seeking grid access should anticipate friction in the interconnection timeline and availability windows, though neither metric reaches critical thresholds that would prevent new supply contracts outright.\n\nThe RadiusDC transaction represents active operator repositioning in Phoenix's colocation and wholesale segments. CyrusOne's 11-facility footprint and Vantage's 7-facility presence indicate that scale-focused operators have already staked material positions; fragmentation remains lower than peer Arizona markets like Scottsdale. Deal flow, while not prolific, underscores that Phoenix retains operational interest from mid-tier and larger platforms willing to acquire or invest in existing assets and capabilities.", "rationale": null, "verdict": "CAUTION", "word_count": 228}, "pipeline": [{"eta": null, "facility": "Compass Goodyear Campus (Phoenix)", "operator": "Compass Datacenters", "power_mw": 212.0, "status": "Under Construction"}, {"eta": null, "facility": "Novva Project Borealis Phase 1", "operator": "Novva Data Centers", "power_mw": 96.0, "status": "Under Construction"}, {"eta": null, "facility": "STACK Phoenix Campus", "operator": "STACK Infrastructure", "power_mw": 80.0, "status": "Under Construction"}, {"eta": null, "facility": "EdgeCore Mesa Campus PH03", "operator": "EdgeCore Digital Infrastructure", "power_mw": 72.0, "status": "Under Construction"}, {"eta": null, "facility": "EdgeCore Mesa Campus PH02", "operator": "EdgeCore Digital Infrastructure", "power_mw": 72.0, "status": "Under Construction"}, {"eta": null, "facility": "H5 Chandler 2", "operator": "H5 Data Centers", "power_mw": 50.0, "status": "Under Construction"}, {"eta": null, "facility": "Novva Phoenix", "operator": "Novva Data Centers", "power_mw": 30.0, "status": "Under Construction"}, {"eta": null, "facility": "Thor Phoenix 1", "operator": "Thor Equities", "power_mw": 25.0, "status": "Under Construction"}, {"eta": null, "facility": "Novva Mesa Campus", "operator": "Novva Data Centers", "power_mw": null, "status": "Under Construction"}, {"eta": null, "facility": "Arcadian Infracom Phoenix PoP", "operator": "Arcadian Infracom", "power_mw": null, "status": "Under Construction"}], "power_grid": {"gen_additions_mw": 4640.6, "interconnection_pending_mw": null, "iso": "WECC", "iso_queue": null, "queue_capacity_mw": 13740.0, "queue_wait_months": null, "reserve_margin_pct": null, "time_to_power_as_of": "2026-11-12T08:45:19.041883+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": "phoenix", "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 110 Aqueduct 4.0 baseline-annual basins (arid counted as", "water_stress": 71.8, "wildfire_seismic_note": null}, "slug": "phoenix", "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."}