# Multi-Tenant Data Center Market

> Multi-Tenant Data Center Market valued at USD 57.89 billion in 2025, forecast to reach USD 162.33 billion by 2035 at 10.86% CAGR, driven by AI leasing.

Publisher: DC Market Insights  
Author: Priyanka Mor, DC Market Insights  
Published: 2026-10-10  
Last updated: 2026-10-10  
Next review: Apr 2027  
Page: https://www.dcmarketinsights.com/report/multi-tenant-data-center-market

## Key takeaways

- Hyperscale Leasing Grows at 16.71% a Year as Tenants Pre-Lease Whole Campuses
- Campuses of 1 GW and More Become the Unit of Supply
- Grid Queues Run to Tens of Gigawatts
- AI and GPU Cloud Providers Grow Revenue Almost Sevenfold by 2035

**Frequently Asked Questions**

**What is the size of the Multi-Tenant Data Center Market in 2025 and 2035?**

USD 57.89 billion in 2025, rising to USD 162.33 billion by 2035. DC Market Insights estimates the market at USD 35.74 billion in 2020.

**How fast is the Multi-Tenant Data Center Market growing?**

10.86% a year from 2025 to 2035, up from 10.13% a year between 2020 and 2025, as hyperscale and AI tenants lease whole campuses.

**Which service type leads the Multi-Tenant Data Center Market?**

Retail colocation, with USD 25.87 billion or 44.7% of 2025 revenue. Hyperscale leasing grows fastest at 16.71% a year and overtakes retail colocation before 2030.

**How much does colocation cost per kW?**

About USD 128 per kW per month for hyperscale leases, USD 158 for wholesale colocation and USD 385 for retail colocation on average in 2025, according to DC Market Insights estimates.

**Which region leads the Multi-Tenant Data Center Market?**

North America, with USD 27.67 billion or 47.8% of 2025 revenue. The Middle East and Africa grows fastest at 15.52% a year.

**Who are the leading companies in the Multi-Tenant Data Center Market?**

Equinix leads with about 16% of the market, and Equinix, Digital Realty and CoreSite (American Tower) together hold about 28% (DC Market Insights estimate). NTT DATA, Iron Mountain, Aligned, Vantage, QTS, CyrusOne, STACK, AirTrunk and others also compete.

**Which tenants grow fastest in multi-tenant data centers?**

AI and GPU cloud providers, at 20.82% a year from USD 4.86 billion in 2025. Hyperscale cloud providers are the largest tenant group with 41.8% of revenue.

**Which country leads the Multi-Tenant Data Center Market?**

The United States, with USD 25.04 billion or 43.3% of 2025 revenue. India grows fastest among large country markets at 16.31% a year (DC Market Insights estimate).

## Market by region (USD million)

## Dataset

| Series | Value | Unit |
| --- | --- | --- |
| Market size 2025 | 57,890 | USD million |
| Revenue CAGR | 10.86 | % |
| Market size 2035 | 162,330 | USD million |

## Frequently asked questions

### What is the size of the Multi-Tenant Data Center Market in 2025 and 2035?

USD 57.89 billion in 2025, rising to USD 162.33 billion by 2035. DC Market Insights estimates the market at USD 35.74 billion in 2020.

### How fast is the Multi-Tenant Data Center Market growing?

10.86% a year from 2025 to 2035, up from 10.13% a year between 2020 and 2025, as hyperscale and AI tenants lease whole campuses.

### Which service type leads the Multi-Tenant Data Center Market?

Retail colocation, with USD 25.87 billion or 44.7% of 2025 revenue. Hyperscale leasing grows fastest at 16.71% a year and overtakes retail colocation before 2030.

### How much does colocation cost per kW?

About USD 128 per kW per month for hyperscale leases, USD 158 for wholesale colocation and USD 385 for retail colocation on average in 2025, according to DC Market Insights estimates.

### Which region leads the Multi-Tenant Data Center Market?

North America, with USD 27.67 billion or 47.8% of 2025 revenue. The Middle East and Africa grows fastest at 15.52% a year.

### Who are the leading companies in the Multi-Tenant Data Center Market?

Equinix leads with about 16% of the market, and Equinix, Digital Realty and CoreSite (American Tower) together hold about 28% (DC Market Insights estimate). NTT DATA, Iron Mountain, Aligned, Vantage, QTS, CyrusOne, STACK, AirTrunk and others also compete.

### Which tenants grow fastest in multi-tenant data centers?

AI and GPU cloud providers, at 20.82% a year from USD 4.86 billion in 2025. Hyperscale cloud providers are the largest tenant group with 41.8% of revenue.

### Which country leads the Multi-Tenant Data Center Market?

The United States, with USD 25.04 billion or 43.3% of 2025 revenue. India grows fastest among large country markets at 16.31% a year (DC Market Insights estimate).

## How to cite

Data Center Market Research & Consulting | DC Market Insights, "Multi-Tenant Data Center Market", updated 2026-10-10, https://www.dcmarketinsights.com/report/multi-tenant-data-center-market