Metro Atlanta's data center market has grown so tight that new facilities lease up before they open. The region ended the first quarter with a vacancy rate of about 1 percent, an unusually low figure for commercial real estate, and much of the capacity under construction is already spoken for.
Atlanta now ranks second among all U.S. markets by total commissioned data center capacity, supported by a multigigawatt pipeline of infrastructure in operation and additional capacity under construction or in advanced planning. Demand tied to artificial intelligence and cloud computing continues to push developers into the metro area.
Major operators are expanding their footprints. Microsoft is pursuing an eventual $1.8 billion investment across three physical data centers in the Atlanta area with a combined 324 megawatts of power capacity, a buildout that would roughly double the company's current deployments in the region. Its Douglasville campus in Douglas County began phase one construction in 2024 and is slated for completion in 2026.
Other developers are adding capacity as well. The Atlanta East project delivered its first phase of 160,000 square feet, and the T5 Atlanta IV campus will include an on-site electrical substation, with utility service expected to come online in 2026. T5 Data Centers is also pursuing a 1.2-gigawatt campus elsewhere in Georgia that could be worth at least $16 billion.
The rapid absorption has drawn legislative attention as state officials weigh the tax and power implications of continued growth.
Source: The Atlanta Journal-Constitution -- https://www.ajc.com/business/2026/06/georgia-data-centers-fill-up-as-soon-as-theyre-built-driving-demand-higher/