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Data center activity is surging across the country, and—like other West Coast markets—Phoenix is benefiting from the growth. The market had 32.5 megawatts of net absorption in the first half of 2018, making it the second market in the country to Northern Virginia for data center activity, according to research from CBRE. This is also a record pace for the year for Phoenix. The activity was led by expansions from CyrusOne, Aligned Data Centers, Iron Mountain and EdgeCore.

“Data centers need several key factors to be successful: quality land with robust fiber connectivity and access to competitively priced, clean power. Phoenix is well equipped with both,” Mark Krison, SVP at CBRE, tells GlobeSt.com. “These features, coupled with metro Phoenix’s strong incentives programs, lower operating costs and low risk for natural disasters, make the metro an ideal setting for data centers. As such, we continue to see a growing interest from new and existing data center providers.”

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.

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