Data center professionals say the New York/New Jersey region has begun to stabilize, as leasing has gradually absorbed vacant space. The market has seen new entrants, and one long-time player is reporting signs of a rebound.
CyrusOne’s $490 million acquisition of two facilities from Sentinel Data Centers highlights the growth opportunity in the Southeast, where low power costs have attracted investment in Internet infrastructure.
DuPont Fabros Technology said there has been strong interest in its New Jersey data center in Piscataway, N.J. and a sale could be completed in the third quarter. Bidders include both public and private data center companies.