MARKETS · NEW YORK–NEW JERSEY

New York and New Jersey data center colocation for AI.

The primary market for the Northeast. We search here for liquid-cooled and high-density space for GPU deployments from a single rack to 20 MW+.

MARKET SNAPSHOT · H1 2026

Small, and getting pricier fast.

190.0 MW

Colocation inventory

13.7 MW

Available at mid-year

+19%

Asking rents, H1 2026

The Tri-State market is the smallest of CBRE's eight primary markets by inventory, at 190 MW, with 13.7 MW available at mid-2026. Asking rents rose 19% in the first half.

Power, incentives and local rules

  • A New Jersey law signed in July 2026 requires a separate rate process for data centers of 50 MW or more, and gives other customers priority if demand nears grid limits.
  • PJM's 2028/29 capacity auction cleared at its cap and fell 6,831 MW short of the reliability requirement.
  • New Jersey ended the remaining $250 million in its AI data center tax credits in September 2026.
  • New York's Executive Order 62 pauses discretionary state environmental permits for building or expanding data centers, for up to one year.
  • About 11.9 GW of large-load projects were pending in New York's grid queue as of February 2026.

Sources: NJ Monitor (Jul 7, 2026); PJM (Jul 14, 2026); Westfield Leader (Sep 3, 2026); Jones Day (Jul 2026); Data Center Knowledge (Jun 10, 2026).

Common questions

Is there available data center capacity in New York and New Jersey?

13.7 MW of 190 MW was available at mid-2026, per CBRE.

Do you also search Upstate New York and Pennsylvania?

Yes. Both are emerging power markets we search, and they can work for deployments that don't need to sit in the metro.

Can New York and New Jersey sites support liquid-cooled GPU racks?

Some can. We confirm cooling, rack density and the energization date for each site before we introduce it.

Are there tax incentives for AI data centers in New Jersey?

Not under the state's AI data center credit. Its remaining $250 million was ended by law in September 2026.

Can a large new data center be built in New York State right now?

Projects that need discretionary state environmental permits face delays, because Executive Order 62 pauses those permits for up to one year.

Sources: CBRE (Aug 27, 2026); Data Center Frontier on CBRE H1 2026. All markets →

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