Driven by enhanced need from cloud providers as well as from healthcare and financial solutions companies, the New york city Tri-State region saw data center openings drop to a lowest level of 8.8% in 2020, according to CBRE’s most current North American Data Facility Trends Report.
The local market saw 3.3 megawatts (MW) of net absorption in 2020, down from the virtually 9.0 MW taped during 2019. Brand-new construction underway will include 23.6 MW of ability, bringing much-needed supply to the market’s overall supply, which stood at149.1 MW at the end of 2020.
“The Tri-State market turn-key information facility ability is nearing historical lows sustained by social media companies, along with even more traditional customers like healthcare and also economic solutions firms,” claimed CBRE’s Jon Meisel. “The absence of supply is getting to alarming levels in regards to accommodating recurring developments, as well as attracting new customers to our market.”
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Paul Bubny acts as Senior Material Director for Link Industrial Property, a function to which he brings 13-plus years’ experience covering the commercial property market as well as 30-plus years in business-to-business journalism.
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Released at Tue, 16 Mar 2021 04:06:27 +0000