Real Points

Daily Reports on Commercial Real Estate


DFW: 6th Most Important U.S. Data Center Market

Category:
Author:
By
Post date:
November 3rd, 2011 7:27am

A strong business climate and robust infrastructure have combined to make Dallas-Fort Worth the 6th most important data center market in the United States, according to a new report from Jones Lang LaSalle.
And demand for the space isn’t going to let up anytime soon, said Bo Bond, co-head of JLL’s data center solutions team in Dallas: “There is an insatiable amount of demand happening across the globe,” he said. “As speculative development commences, we will begin to see a new crop of winners and losers in the data center arena.”

Among the study’s findings for Dallas:

• Demand is projected to grow at an average rate of 13 percent through 2014, tightening an already constrained market.

• Rental rates softened in the early part of this year, as landlords competed for tenants prior to the opening of new data center facilities.

• Demand will continue to outpace supply until a wave of new construction is completed in mid-2012. Rumored transactions in the market could seriously impact the 2012 deliverables.

Access to abundant, reliable power also will become an even more important factor in data center location decisions, Bond said. “Energy will continue to be one of the biggest market drivers,” he said “As power consumption in data centers continues to increase, users are increasingly concerned with power redundancy, capacity, and cost.”

Click here for the full report—including tips on what to look for in data center space. Below are snapshots of recent transactions and availabilities. (Click on charts for larger images.)

 

 

 



1 comment

  1. [...] for data center space in North Texas is on the rise. A recent report from Jones Lang LaSalle named DFW is the nation’s sixth most important data center market in the country, due to its [...]

    Real Points » Blog Archive » CyrusOne to Develop Huge Data Center in Carrollton @ 1:50 pm on January 5, 2012

Leave a Comment

* required fields

Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners



Sectors


Submarkets



  • Hand & Stone Massage and Facial Spa has leased 3,287 square feet of retail space in The Centre at Preston Ridge Shopping Center in Frisco. More »
  • Arlington Independent School District has leased 28,592 square feet of government space at 690 E. Lamar Blvd. in Arlington. More »
  • Proton Partners LP has purchased two buildings with a total of 37,771 square feet of office space at 14330 Midway Road in Farmers Branch. More »
  • Pharmacy Corp. of America has leased 18,193 square feet of industrial space in One Paddock Place at 2214 Paddock Way in Grand Prairie. More »
  • DXP Enterprises Inc. has leased 13,313 square feet of industrial space in Westfork Center Building B at 1515 Avenue S in Grand Prairie. More »
  • Bill Sheahan Designs LLC has leased 1,033 square feet of retail space at 6969 Hillcrest Ave. in University Park. More »


Supporting Partners