Conroy Development thinks the telecommunications industry is headed south. In fact, the Quincy based real estate firm is banking on it.

With similar projects driving commercial activity to the north and west of Boston, Conroy is proposing what it considers the first telecommunications data center in the South market. The 200,000-sf, two-story building would help telecom providers service the financial, high-tech and insurance industries that have come to dominate this 9.7 million-sf office market.

“Nobody has tapped into the South yet,” says broker Christopher P. Tosti of CB Richard Ellis/Whittier Partners. “Somebody is going to put something there, and we are happy to be the first ones in.”

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