DENVER—Data center demand has reached record levels in the past few years, and shows no signs of ebbing in 2018. That's the case even as nearly 300 megawatts of capacity are scheduled for delivery in the sector's primary markets—new inventory that will be delivered to markets with vacancies at or below 5%.
These are among the key findings of CBRE researchers in the data center section of the firm's 2018 US Real Estate Market Outlook. With investor demand hitting new peaks, as well, this formerly niche asset class is drawing mainstream interest. Pat Lynch, senior managing director for CBRE's Data Center Solutions group, oversees a team that provides colocation, cloud and hybrid IT and acquisition and disposition services to clients. Here, he surveys the current landscape for the sector as well as what's ahead.
GlobeSt.com: Absorption of data center space has set new records each year for the past three years. Have construction and demand been in sync?
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
