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Northern Virginia Still Reigns As Most Active Data Center Market

In general the data center real estate market thrived last year with investment totalling more than $20 billion -- surpassing the volume for the three previous years combined.

Photo by T5 Data Centers

ASHBURN, VA–Northern Virginia remained the most active data center market in the world in 2017, with net absorption of 121 MW in 2017, 80 MW of which occurred in the latter half of the year, according to the latest US Data Center Trends Report from CBRE. The region added 85 MW of supply in the second half of the year, and will grow larger still, with an additional 86 MW under construction as of Q4 2017, CBRE said.

Rounding out the top seven most active markets are: Silicon Valley (62 MW), Dallas/Ft. Worth (36 MW),  Chicago (31 MW), New York Tri-State Region (7 MW), Phoenix (6 MW) and Atlanta (4 MW).

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Erika Morphy

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.

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