Colocation · Colo
Renting space, power and cooling in a shared facility, in wholesale (large blocks) or retail (rack-level) form.
Current numbers
~1.05–1.75x by lease profileBBB-category DSCR rating criteria, data-center debt: long-term NNN lease with no recontracting risk ~1.05–1.10x, long-term contracted ~1.20–1.35x, colocation ~1.30–1.75x
18–24 moMastt’s April 2026 greenfield hyperscale-campus construction estimate; colocation has a separate 12–18-month estimate
~24–36 mo construction once power is secured; grid connection waits exceed 4 yr in primary markets and can overlap construction / ~6–12 mo fit-out / days–weeksTime-to-power: greenfield self-build vs wholesale colo (live 50k+ GPU cluster) vs neocloud