# Wholesale Colocation Market > Wholesale colocation: USD 51.12 billion in 2026, USD 158.10 billion by 2035, 15.06% CAGR from 2025, as AI and cloud tenants lease whole campuses. Publisher: DC Market Insights Author: Amit Jain, DC Market Insights Published: 2026-10-30 Last updated: 2026-10-30 Next review: Apr 2027 Page: https://www.dcmarketinsights.com/report/wholesale-colocation-market ## Key takeaways - Meta's USD 355.73 Billion of Leases Not Yet Commenced - Hyperscaler Credit Backstops Behind Neocloud Leases - Grid Queues: 438,000 MW of Large Loads in Texas - Liquid-Cooled AI Campuses Above 100 MW: USD 55.34 billion by 2035 **Frequently Asked Questions** **What is the size of the Wholesale Colocation Market in 2026?** USD 51.12 billion in 2026, up 31.48% from USD 38.88 billion in 2025, according to DC Market Insights estimates. The market is projected to reach USD 158.10 billion by 2035, a CAGR of 15.06% from 2025. **How fast is the Wholesale Colocation Market growing?** 15.06% a year from 2025 to 2035, after 24.57% a year from 2020 to 2025, as leased wholesale capacity in billing rises from 24,000 MW to 85,000 MW and average rent from USD 135 to USD 155 per kW-month. **What is wholesale colocation?** USD 38.88 billion of rent was paid in 2025 for leases of 1 MW or more of critical IT capacity in third-party data centers: turnkey halls, build-to-suit campuses and powered shells. Retail racks, power pass-through and self-built hyperscale sites are excluded. **How much does wholesale colocation cost per kW?** USD 135 per kW-month of average in-place rent in 2025, power excluded, DC Market Insights estimates. Digital Realty priced leases above 1 MW at USD 275 in the third quarter of 2026, and AI campus leases imply USD 102 to 190. **What is the difference between wholesale and retail colocation?** Wholesale leases start at 1 MW and run 10 to 25 years, priced per kW-month, while retail colocation rents racks and cages below 1 MW with interconnection. In 2025 wholesale rent was USD 38.88 billion. **Who are the biggest wholesale colocation tenants?** Hyperscale cloud providers, paying USD 24.11 billion or 62.00% of 2025 rent. AI and GPU cloud providers grow fastest at 24.78% a year, often with a hyperscaler guarantee behind the lease. **Which segment of the Wholesale Colocation Market grows fastest?** Liquid-cooled AI halls grow fastest at 27.62% a year to USD 98.02 billion by 2035. By lease size, leases above 100 MW lead at 22.97%. **Which region leads the Wholesale Colocation Market?** North America, with USD 20.22 billion or 52.00% of 2025 value. The Middle East and Africa grows fastest at 25.23% a year, and India is the fastest large country at 22.65%. **Who are the leading wholesale colocation providers?** Digital Realty leads with about 3 GW of in-place IT capacity, and the top five landlords hold about 38% of 2025 rent (DC Market Insights estimate). Equinix xScale, QTS, Vantage, CyrusOne, STACK, NTT DATA, AirTrunk and Applied Digital also compete. **Why do Wholesale Colocation Market estimates differ?** USD 51.12 billion in 2026 counts only rent on leases of 1 MW or more. Estimates that add power pass-through, retail racks, interconnection or hyperscale self-built campuses come out much larger. ## Dataset | Series | Value | Unit | | --- | --- | --- | | Market size 2025 | 38,880 | USD million | | Revenue CAGR | 15.06 | % | | Market size 2035 | 158,100 | USD million | ## Frequently asked questions ### What is the size of the Wholesale Colocation Market in 2026? USD 51.12 billion in 2026, up 31.48% from USD 38.88 billion in 2025, according to DC Market Insights estimates. The market is projected to reach USD 158.10 billion by 2035, a CAGR of 15.06% from 2025. ### How fast is the Wholesale Colocation Market growing? 15.06% a year from 2025 to 2035, after 24.57% a year from 2020 to 2025, as leased wholesale capacity in billing rises from 24,000 MW to 85,000 MW and average rent from USD 135 to USD 155 per kW-month. ### What is wholesale colocation? USD 38.88 billion of rent was paid in 2025 for leases of 1 MW or more of critical IT capacity in third-party data centers: turnkey halls, build-to-suit campuses and powered shells. Retail racks, power pass-through and self-built hyperscale sites are excluded. ### How much does wholesale colocation cost per kW? USD 135 per kW-month of average in-place rent in 2025, power excluded, DC Market Insights estimates. Digital Realty priced leases above 1 MW at USD 275 in the third quarter of 2026, and AI campus leases imply USD 102 to 190. ### What is the difference between wholesale and retail colocation? Wholesale leases start at 1 MW and run 10 to 25 years, priced per kW-month, while retail colocation rents racks and cages below 1 MW with interconnection. In 2025 wholesale rent was USD 38.88 billion. ### Who are the biggest wholesale colocation tenants? Hyperscale cloud providers, paying USD 24.11 billion or 62.00% of 2025 rent. AI and GPU cloud providers grow fastest at 24.78% a year, often with a hyperscaler guarantee behind the lease. ### Which segment of the Wholesale Colocation Market grows fastest? Liquid-cooled AI halls grow fastest at 27.62% a year to USD 98.02 billion by 2035. By lease size, leases above 100 MW lead at 22.97%. ### Which region leads the Wholesale Colocation Market? North America, with USD 20.22 billion or 52.00% of 2025 value. The Middle East and Africa grows fastest at 25.23% a year, and India is the fastest large country at 22.65%. ### Who are the leading wholesale colocation providers? Digital Realty leads with about 3 GW of in-place IT capacity, and the top five landlords hold about 38% of 2025 rent (DC Market Insights estimate). Equinix xScale, QTS, Vantage, CyrusOne, STACK, NTT DATA, AirTrunk and Applied Digital also compete. ### Why do Wholesale Colocation Market estimates differ? USD 51.12 billion in 2026 counts only rent on leases of 1 MW or more. Estimates that add power pass-through, retail racks, interconnection or hyperscale self-built campuses come out much larger. ## How to cite Data Center Market Research & Consulting | DC Market Insights, "Wholesale Colocation Market", updated 2026-10-30, https://www.dcmarketinsights.com/report/wholesale-colocation-market