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Chicago’s Data Center Capacity Rises 30% Y-O-Y
Chicago’s ability to handle increased demand from large cloud users and global technology was addresse, as its data center inventory grew by 56.6 megawatts (MW) year over year in the first half of 2018, according to CBRE’s data center trends report. The addition marks a 30% increase in total inventory from H1 2017, and presents opportunities to large land users.
At least temporarily, the new inventory pushed vacancy up from 2.5% to 11.2% Y-O-Y. With a total inventory of 245 MW, Chicago remains the third-largest data center market in the country, ahead of Silicon Valley.
“While the increased vacancy rate might lead some observers to assume the Chicago market is in decline, history has shown that large increases in quality supply are ultimately very good for the overall growth of a market,” said CBRE’s Todd Bateman. “All indications are that the same will hold true for the Chicago market.”
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