BY THE NUMBERS
CHICAGO—Chicago has become a top three market in the US for data center absorption, according to a new report from CBRE Group, Inc. The company attributes the region's success to its central location and prominence as a critical hub network. Net absorption totaled 36.2 megawatts in 2016, a near record-high for the market and outpacing the previous year's absorption of 28 MW. “There is an incredible amount of mission critical infrastructure is in place in the market and demand continues to grow at an ever-increasing pace,” says Todd Bateman, CBRE's North American agency practice leader for data centers. Northern Virginia led the US with 84.4 MW and Dallas/Ft. Worth was second with 37.6 MW.
MILWAUKEE—According to NGKF Research, the industrial market in Southeast WI experienced a fourth consecutive quarter of improving conditions and closed a third year of robust growth. Since peaking at 10% in mid-2010, vacancy in the Southeast WI market has improved significantly to 6.6%.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
