Data Centers

HOUSTON—Closing out a strong 2017, the global data center market is expected to continue surging for theforeseeable future. Even after a record-shattering 2016, cloudoperators are still leasing data centers across all major NorthAmerican markets, taking around 25% of available data center spacein many major cities, according to JLL's 2018 DataCenter Outlook. This year, continued cloud leasing and growinginterest from international occupiers will be among the key driversfor the data center market.

“2016 was the year of the cloud, 2017 was the year ofinternational exploration beyond US borders and 2018 will be theyear of foreign interest,” said Mark Bauer, managing director anddata center solutions co-lead, JLL. “Not only are internationalcompanies accelerating efforts to reach the North American masses,but pent-up demand still persists in some US and Canadian markets.While both 2016 and 2017 were banner years for the industry, themarket should remain strong in 2018.”

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.