Phoenix data center market brief

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Market Brief · CAUTIONDCPI score pending · Live as of 88% live coverage · 7/8 sections

At a Glance 2 of 3 KPIs live

Operational3,258 MWsum of the sites that report MW; most do not
Pipeline637 MW
FacilitiesGlobal facility map
Queue WaitNot tracked
Top OperatorCyrusOne

Power & Grid 3 of 5 metrics live

ISOWECC
Queue Capacity13,740 MW
Queue WaitNot tracked
Reserve Margin13.5%
Gen Additions 12mo4,641 MW
Interconnect PendingNot tracked

Pipeline 10 projects tracked

OperatorFacilityPowerStatusETA
Compass DatacentersCompass Goodyear Campus (Phoenix)212 MWUnder ConstructionNot tracked
Novva Data CentersNovva Project Borealis Phase 196 MWUnder ConstructionNot tracked
STACK InfrastructureSTACK Phoenix Campus80 MWUnder ConstructionNot tracked
EdgeCore Digital InfrastructureEdgeCore Mesa Campus PH0372 MWUnder ConstructionNot tracked
EdgeCore Digital InfrastructureEdgeCore Mesa Campus PH0272 MWUnder ConstructionNot tracked
H5 Data CentersH5 Chandler 250 MWUnder ConstructionNot tracked
Novva Data CentersNovva Phoenix30 MWUnder ConstructionNot tracked
Thor EquitiesThor Phoenix 125 MWUnder ConstructionNot tracked
Novva Data CentersNovva Mesa CampusNot trackedUnder ConstructionNot tracked
Arcadian InfracomArcadian Infracom Phoenix PoPNot trackedUnder ConstructionNot tracked

Operator Footprint 5 operators tracked

OperatorFacilitiesTotal MW
CyrusOne11210 MW
Vantage Data Centers7539 MW
Digital Realty60 MW
Aligned5780 MW
Iron Mountain50 MW

M&A Activity (24mo) 1 deals tracked

DateBuyerSellerValueMW
2026-03-12RadiusDCPhoenixNAPNot trackedNot 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 Phoenix. Full coverage typically lands within ~6 months of a market joining the DCPI.

Risk Factors 1 of 2 signals live

12-Month Outlook

Phoenix 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.

This 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.

The 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.

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