Wholesale colocation

Wholesale colocation is the leasing of large blocks of data center capacity, typically from about 250 kW up to entire multi-megawatt halls or buildings, to a single tenant under a long-term contract. Tenants are usually hyperscalers, large SaaS companies, or GPU cloud providers who fit out and operate the space themselves. Leases run 5-15 years and are priced per kW per month, often on a triple-net basis where the tenant pays metered power separately. In H2 2025, CBRE reported average North American wholesale asking rates of about $196 per kW/month for 250-500 kW requirements, up 6.6% year over year, with 3-10 MW deals rising even faster amid record-low vacancy.