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Micro Data Centers Could Fill Office and Retail Vacancies

Because of their small size, they are a good option for owners looking to monetize vacancy space.

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Micro data centers and cryptocurrency farms could be the perfect solution for retail and office owners looking to fill vacant space or monetize non-traditional or un-leasable space in a property.

“Micro data centers and cryptocurrency farms are technology uses that are growing in popularity. They pair well with office and retail properties and are ideal ways for property owners to boost income. In fact, owners can lease out these spaces for as much as $500 per square feet, which is practically unheard-of for any other real estate use,” Phil Raglin, CEO of Alpha Lease Management, tells GlobeSt.com.

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Kelsi Maree Borland

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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