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CBRE Report: Data Center Market Continues to Remain Stable
Investment in the U.S. data center sector reached record levels in the first half of 2017, totaling $18.2 billion, already more than double that for all of 2016, according to a new report from CBRE. The pace of investment in the data center sector is on track to surpass the total for the three previous years combined.
CBRE’s Pat Lynch says, “Over the past five years, more than $45 billion of investment capital has flowed into the data center sector, with more than 50% of that total occurring since the start of 2016. The robust adoption of rapidly evolving, data-intensive technology continues on a strong upward trajectory and will drive growth in the data center sector going forward.”
Additional data center report findings:
- Seven major U.S. data center markets—Atlanta, Chicago, Dallas/Ft. Worth, New York Tri-State Region, Northern Virginia, Phoenix and Silicon Valley—combined experienced nearly 88 MW of positive occupancy gains H1 2017
- Supply pipeline continues to accelerate with nearly 284 MW of wholesale capacity currently under construction in the primary data center markets, 46% of which is pre-leased
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