CHICAGO—As reported last week in GlobeSt.com, the data center industry continues to build new space at stupendous levels in many US markets. But big changes have occurred in the sector over the past year, according to a new mid-year report from JLL..
Cloud providers, for example, have temporarily slowed down new leasing activity in the US, primarily to finish utilizing the huge amount of space taken in the first half of last year, and thereby opening up more opportunities for Fortune 1000 firms to expand their data capacities. But that does not mean cloud providers have stopped expanding. Instead, they have now largely shifted attention to overseas markets.
“The cloud providers are trying to offer a global-scale product,” Mason Mularoni, a Boston-based senior research analyst with JLL, tells GlobeSt.com. And therefore, this expansion into the Asia-Pacific region, Europe, Africa and the Middle East does not represent a move away from the US.
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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.
