Market guide / Charlotte

Charlotte colocation: nobody shops for electricity here, so the tariff decides more than the building does.

North Carolina never opened its retail electricity market. Every colocation operator in this metro buys from one vertically integrated utility at a rate set in public proceedings, which means the terms that move your bill are argued in a docket rather than negotiated in your deal. The largest thing approved here is a 400 megawatt campus in the west of the city, and not one megawatt of it changes that arithmetic.

Charlotte colocation market

How much does colocation cost in Charlotte?

Recent quotes we received for Southeast ran $180 to $220 per kW per month for up to 500 kW, falling to $140 to $160 above 1 MW.

Charlotte colocation pricing, USD per kW per month. Our quotes are for Southeast, updated October 26, 2026.
DeploymentMonthly rateSource
Up to 500 kW$180 to $220/kW-moOur quotes
Over 500 kW to 1 MW$160 to $190/kW-moOur quotes
Over 1 MW$140 to $160/kW-moOur quotes

We have no published Charlotte asking-rent band to cite, so the Southeast Region quotes are the figure to plan with.

Smaller deployments cost more per kW. These are recent quotes we received, not a statement that space is available. Cross-connects, remote hands and one-time setup are extra. Operators often give 2–3 free months on a new term. See every region's quote ranges.

Charlotte cabinet and cage prices

Smaller deployments are priced per cabinet or per cage rather than per kW. Use these monthly ranges to set a first-pass budget. They are not provider offers, and a building on this page is not a claim that space is available in it.

RequirementMonthly rangePower and bandwidth assumed
1 to 2U$130 to $225/mo1 to 3 A at 120 V, 1 to 5 TB of transfer
Half cabinet, 24U$1,115 to $1,375/mo2 to 3 kW, 100 Mbps to 1 Gbps
Full cabinet, 48U$1,445 to $1,865/mo2 to 5 kW, 100 Mbps to 1 Gbps
High-density cabinet, 48U$2,420 to $4,740/mo10 to 17 kW, three-phase
Private cage, 4 racks$5,000 to $5,975/mo5 kW per rack, 1 Gbps
High-density private cage, 4 racks$15,220 to $20,805/mo20 kW per rack, 1 Gbps

Based on quotes we received in the 30 days before 21 October 2026. Taxes, cross-connects, remote hands and one-time costs are extra. Replace these ranges with a normalized written quote before approval. How power is billed is covered in how colocation power is billed.

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Who is actually plugged in across Charlotte

A building existing and a building being connected are different facts, and only one of them decides whether your traffic can get where it needs to go cheaply. These figures come from PeeringDB, which the network operators themselves maintain. Any building below can be looked up there by name.

Public record16 buildings listed53 network presences
MeasureFigureWhat it means
Buildings listed16Registered in PeeringDB across Charlotte, by 10 operators
Buildings with a network present115 carry no network presence, which usually means single tenant or simply unregistered
Network presences53Counted per building, so a carrier in three buildings counts three times
Internet exchange presences7Where you can reach many networks through one port instead of many cross-connects
Carrier presences7The physical transport choice you can buy without leaving the building
In the densest building26%Digital Realty CLT (113 N Myers St) holds 14 of the market's network presences

The most connected buildings here

NetworksBuildingOperatorExchangesCarriers
14Digital Realty CLT (113 N Myers St)Digital Realty12
8CENTRA CLT01 - Charlotte NC (701 E Trade)CENTRA Digital Interconnect11
7CLT2LUMOS Networks, Inc.01
6Digital Realty CLT (125 N Myers St)Digital Realty00
5Flexential - Charlotte/South (CLT1/2/3)Flexential Corp.11
5Flexential - Charlotte/North (CLT4/5)Flexential Corp.21
3TierPoint Charlotte - Center ParkTierPoint, LLC10
2TierPoint Charlotte - North MyersTierPoint, LLC11

From PeeringDB, which is maintained by the network operators present in these buildings rather than by the landlords, which is what makes it worth more than a directory. Two limits. Entries are voluntary, so a building showing no networks may be single tenant or may simply never have registered. And a network being present says nothing about whether the building has space, power or a price for you: that is still a call.

Market profile

Why Charlotte is a market at all

Charlotte is a banking town. Bank of America and Truist are headquartered here, and Wells Fargo runs one of its largest operations outside California here. Honeywell, Nucor, Lowe's and Duke Energy also keep head offices in the metro. That creates demand for regulated workloads, disaster recovery and back office production, not a hyperscale market.

The multi-tenant layer is modest. It sits in and around the city, in buildings sized for enterprise cabinets and cages rather than training clusters. The state's campus-scale projects are single tenant and rural.

Charlotte City Council rezoned 156 acres off Moores Chapel Road in May 2025 for a Digital Realty campus of up to 3 million square feet and, on the company's figures, up to 400 MW. That one approval is larger than the metro's entire operating multi-tenant base. It is also years of phased construction away, so the table below shows pressure on the utility, not a shortlist.

Charlotte sits between Northern Virginia and Atlanta. That makes it a credible third site for an organization already in both. It is inland, a different risk profile from the coastal markets, on the same fiber routes.

Buying power inside a vertically integrated market

North Carolina has no retail electric choice. Duke Energy generates, transmits and distributes, and the North Carolina Utilities Commission sets its rates. South Carolina, twenty minutes south of uptown, works the same way. The Carolinas sit outside any regional transmission organization, so no PJM or ERCOT capacity auction feeds your rate. Large-load costs are decided in Duke's public resource plan and rate cases.

Your operator's power cost is a published tariff, so ask which one and ask to see it. Special terms for very large loads arrive as a new tariff class that binds your operator and can be read in the docket in advance. A new large service runs on a utility construction timeline that money cannot compress.

The question that matters most

Ask whether the capacity offered is energized at the building today or waits on a utility upgrade. Energized capacity is unaffected by the queue. Capacity waiting on a substation is in a line set by the commission and a construction schedule, and no contract clause shortens it.

Which of our four collections reaches Charlotte, and which do not

Two do not: no permit collector covers Mecklenburg County or its neighbors, and our facility inventory stops short of this market. Announced capacity is hand-collected from linked sources. The interconnection snapshot comes from PeeringDB for buildings registered in Charlotte; Rock Hill stays on the South Carolina page. Neither shows available space or power. See how we verify capacity.

What has been announced in Charlotte

Announcements are not filings. Nobody has to build what they announce, the figure is the one the developer chose to publish, and the date moves. They are here because megawatts are what a requirement is measured in, and because the size of what is coming changes who will take your call. Every figure below links to a published report that states it, and was checked against at least one other independent report before it was written down.

Announced, not filed1 projectLargest: 400 MW
CapacityOperatorProjectWhat was announced
400 MWDigital RealtyMoores Chapel campus156 acres off Moores Chapel Road in west Charlotte, zoned for up to 3 million SF across two phases. Charlotte City Council approved the rezoning on 19 May 2025
Read this before quoting any of it

One row, and the two projects quoted most often in this market are deliberately not in it. 5C describes its Charlotte campus as opening at 50 MW of critical IT capacity on a 161 acre site designed to scale to 1,600 MW. That ceiling is a design intention rather than capacity anyone has announced building, and the phase one date the company published has passed without a confirmation, so counting it would flatter this market by a factor of four. Amazon's campus at Hamlet is the largest project in the state at $10 billion and has no published megawatt figure at all, which is why it has no row. It is also 80 miles east of the city and single tenant, so it adds nothing a Charlotte buyer can lease. Read the reporting.

Announced capacity is collected by hand from trade reporting and company statements, and each figure links to the report it came from. It is never added to a permit count: a permit is a document a jurisdiction issued, an announcement is a plan a company published. Neither is availability.

Where the multi-tenant buildings actually are

North Charlotte and the University area

The University Research Park corridor is where most of the metro's purpose-built colocation ended up, and it is where Flexential and TierPoint both hold positions. It suits enterprise production and recovery workloads and is the first stop for a requirement measured in cabinets and cages rather than megawatts.

South Charlotte

The second cluster, closer to the corporate campuses along the southern arc of the city. Easier for staff to reach from the office parks, with generally smaller floor plates. Worth testing when people need to touch the deployment.

The airport and west side

Industrial land, good road access and the utility infrastructure that came with a century of manufacturing. This is where conversions and larger single-tenant footprints tend to appear, and where a wholesale requirement is more likely to find a shell than a fitted suite.

The greenfield ring

Cabarrus, Iredell, Rowan, Gaston and York County across the South Carolina line. This is where campus-scale proposals go, on land the city does not have, and almost none of it is colocation. Treat activity out here as information about the utility and the politics, not as inventory you can shortlist.

When Charlotte is right, and when it is the wrong choice

  • Right if your business is here. A bank, insurer, health system or manufacturer with staff in the metro gets enterprise-grade buildings, easy staff access and a utility with a long operating record.
  • Right as a third site for an organization already in Northern Virginia and Atlanta.
  • Wrong if you are buying on the state's headline projects. They are single tenant, an hour or more from the city, and add no space you can rent. The rest of the state, including Catawba County and the Research Triangle, is in the North Carolina outside Charlotte guide.
  • Wrong if the requirement is network led. Test Ashburn, Chicago or Los Angeles first.
  • Ask which Duke tariff serves the building and get the rate schedule. It is the cost basis of every quote.
  • Get energized or waiting in writing, with a date. Ask whether a new large-load tariff class approved during your term can be passed through, and on what notice.
  • Ask about growth in the same room. The usual constraint here is the next four cabinets, not the next four megawatts.
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Pricing & Economics

Duke Energy settles North Carolina large load terms with Amazon, Google, Meta and Microsoft, extending upfront payment rules to loads of 50 MW and up

Duke Energy said on October 7, 2026 that its two North Carolina utilities reached a settlement with the North Carolina Public Staff, Amazon, Google, Meta, Microsoft, the Carolina Industrial Group for Fair Utility Rates and the U.S. Department of Defense on terms for data centers and other large loads. If the North Carolina Utilities Commission approves it, the terms would apply to customers of 50 MW or more with an 80% load factor that sign an electric service agreement after June 1, 2026, down from the 100 MW threshold Duke previously applied. Those customers would make nonrefundable upfront payments for dedicated grid facilities, post deposits and security for shared upgrades such as transmission, and take service on a High Load Factor rate schedule. Duke expects a decision by mid-November. [Source 1]

North Carolina (Duke Energy Carolinas and Duke Energy Progress service territories) · Proposed. Settlement announced October 7, 2026; pending North Carolina Utilities Commission approval, with a decision expected by mid-November according to Duke. As of October 9, 2026.
Source: Duke Energy, press release