Chicago data center market brief

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Market Brief · AVOIDDCPI score pending · Live as of 75% live coverage · 6/8 sections

At a Glance 2 of 3 KPIs live

Operational1,298 MWsum of the sites that report MW; most do not
Pipeline0 MW
FacilitiesGlobal facility map
Queue WaitNot tracked
Top OperatorDigital Realty

Power & Grid 4 of 5 metrics live

ISOPJM
Queue Capacity92,085 MW
Queue WaitNot tracked
Reserve Margin14.0%
Gen Additions 12mo1,690 MW
Interconnect Pending298,922 MW

Pipeline Coverage building

Coverage building for pipeline projects
We will surface live pipeline projects data here as soon as our facility (under-construction + planned) crawl returns rows for Chicago. Full coverage typically lands within ~6 months of a market joining the DCPI.

Operator Footprint 5 operators tracked

OperatorFacilitiesTotal MW
Digital Realty16102 MW
NTT6115 MW
CyrusOne5100 MW
Equinix580 MW
TierPoint410 MW

M&A Activity (24mo) 1 deals tracked

DateBuyerSellerValueMW
Not trackedDigiCo Infrastructure REITNot tracked$750Not tracked

Comps Coverage building

Coverage building for powered-shell and land comps
We will surface live powered-shell and land comps data here as soon as our transaction-tracker crawl returns rows for Chicago. Full coverage typically lands within ~6 months of a market joining the DCPI.

Risk Factors 1 of 2 signals live

12-Month Outlook

Chicago's tracked data center footprint spans 284 facilities totaling 1,383 MW across all phases—operational, under construction, and planned—with Digital Realty, NTT, CyrusOne, and Equinix operating the largest portfolios at 16, 6, 5, and 5 sites respectively. The market remains the Midwest's primary data center hub, hosting 170 facilities in suburban zones alone according to recent local coverage. Regulatory attention is mounting, with Illinois state leadership and local municipalities actively shaping development policy around future capacity expansion.

This verdict reflects the current state of power and supply dynamics—not market desirability or operator demand—but it does signal that siting or expanding capacity here will require direct engagement with utility infrastructure, interconnection queues, and potentially off-site power solutions.

Recent M&A activity shows selective institutional movement. Digital Realty's Chicago-area acquisition activity aligns with the operator's presence across 16 tracked facilities here. Smaller operators and regional players appear less active in recent registry tracking, while hyperscaler investment patterns (visible in suburban land purchases noted in local reporting) suggest forward positioning ahead of clearer power-access pathways.

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