WASHINGTON, DC–Even as investment in the US data center sector continues to climb — it has reached record levels in the first half of 2017 — Northern Virginia remains the largest and most active data center market in the world, according to a new report from CBRE.
Investment in data centers totaled $18.2 billion in the first half of the year, more than double that for all of 2016, it reports. In addition, the US' seven major data center markets — Atlanta, Chicago, Dallas/Ft. Worth, New York Tri-State Region, Northern Virginia, Phoenix and Silicon Valley — combined saw nearly 88 megawatts (MW) of positive occupancy gains in the first half of 2017, according to the report.
“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,” according to a prepared statement by Pat Lynch, senior managing director, Data Center Solutions, CBRE.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
