Data Center Leasing Jumps 70% in NY Tri-State Region
Activity from financial services companies drove data center leasing in the New York Tri-State region in 2022, according to a new report from CBRE. The region recorded 18.1 MW of data center space leased in 2022, more than 70% higher than 2021. “Demand by financial services companies continued unabated during the second half of last year and in ... The post Data Center Leasing Jumps 70% in NY Tri-State Region appeared first on Connect CRE.
Activity from financial services companies drove data center leasing in the New York Tri-State region in 2022, according to a new report from CBRE. The region recorded 18.1 MW of data center space leased in 2022, more than 70% higher than 2021.
“Demand by financial services companies continued unabated during the second half of last year and in many cases the recession was the impetus for the surge in outsourcing to third party colocation service providers, as more companies looked to divest from owning on-premises equipment,” said Robert Meyers, SVP for the CBRE Data Center Solutions Group.
According to the CBRE report, 105.4 MW of capacity is under construction in the Tri-State region, marking an unprecedented increase in construction volume. Notable activity includes the expected delivery of 9 MW of capacity in Piscataway, NJ by QTS and CoreSite’s $62.5-million purchase of 215 County Ave. in Secaucus, NJ.
Pictured: A CoreSite data center in Secaucus, NJ.
The post Data Center Leasing Jumps 70% in NY Tri-State Region appeared first on Connect CRE.
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