Plans are underway for a $360 million data center project in the heart of Data Center Alley in Ashburn, Virginia, situated at the most connected point on the Internet.
Data centers have provided an economic cushion for hard-hit county budgets in areas with clusters of cloud computing campuses. Data centers have been in growth mode, providing a bright spot as the pandemic has depressed revenues for state and county governments.
Microsoft has acquired land in the fast-growing Dulles Cloud Corridor in Northern Virginia, paying about $1.4 million an acre for land zoned for data center use.
Amazon Web Services is continuing to expand in Northern Virginia, including a massive data center campus just south of Dulles Airport, which could add up to 2.5 million square feet of cloud computing capacity.
Developers are racing to build more data centers in Northern Virginia to meet extraordinary demand for cloud computing resources due to the COVID-19 pandemic.
After years of rocket-ship growth, the Northern Virginia data center market is still flying high, but in a slightly lower orbit than in 2018. Industry CEOs, executives and analysts discuss trends in Data Center Alley.
A new cloud corridor is emerging in Northern Virginia, as data center developers lock down development parcels just west of Dulles Airport. Recent deals value data center sites at more than $1 million an acre.
Tax revenues have surged in Loudoun County, Virginia, boosted by taxes from the growing data center cluster in Ashburn’s Data Center Alley. The windfall highlights the potential for data centers as engines for economic development.