The data center industry continues to see record demand, which could boost the prospects for developers in secondary markets with ample supplies of land and power available to support new capacity.
If you’re an enterprise IT user seeking to expand your data center infrastructure, you’d better be shopping ahead. Data center space is growing scarce due to a combination of historic demand from hyperscale customers and a slowdown in new construction.
Data center leasing has kicked into warp speed, as cloud players and social networks race to procure cloud capacity for long-term growth. The record leasing is driven by concerns about project delays from supply chain disruptions.
After a record year for leasing in 2021, data center developers are building even bigger in 2022, with nearly half of the projects pre-leased before they are even completed. New data from CBRE, JLL and Synergy Research offer metrics for hyperscale growth and the boom to come.
CEO Satya Nadella says make Microsoft Azure will be “the world’s computer.” As more IT workloads gravitate to cloud computing, these platforms accounted for more than 70 percent of data center leasing in 2020, a trend that is likely to continue.
Data center customers leased nearly 700 megawatts of IT capacity in 2020, according to a new report from North American Data Centers. That doubled the prior record from 2018, as the COVID-19 pandemic created extraordinary demand.
Data center customers have leased more than 500 megawatts of capacity in 2020, an all-time record. With space scarce in key markets, cloud platforms and video services are pre-leasing data centers before they are built.
Construction of new data center space is at a new high, with nearly 300 megawatts of projects under construction, according to a new report from North American Data Centers.