Five 9s Advises On Data Center Land Acquisition in Charlotte

Five 9s Digital advised a data center real estate investment trust on the acquisition of two land parcels located at East Trade and East 5th Street in downtown Charlotte. Positioned at the core of Charlotte's robust fiber-connectivity ecosystem, the site is slated for a new data center development to support the region's rapidly growing digital infrastructure and connectivity demands.

The Charlotte area has emerged as a strategic hub for data center growth, with several hyperscale developments recently announced or underway. Additional major projects are expected to be announced in the near future, further solidifying the area's role in the rapidly expanding North Carolina data center market.

Data center real estate continues to outperform other asset classes, driven by insatiable tenant demand, constrained supply, and steadily increasing rental rates. Nationally, vacancy rates average around 2%, with leading data center markets experiencing vacancies below 1%. Leasing activity remains exceptionally strong, fueled by the rapid adoption of AI technologies and sustained growth in cloud computing solutions.