Data Center Solutions
They aren’t beautiful. They are big, boring and boxy. They’re attractive real property because they are essential to our modern lives, housing the infrastructure that allows us to shop online and work from home. CBRE states that the power of the sector’s data real estate growth is more important than square footage and that demand is on the brink of booming. We know that there are already 500 megawatts worth of new builds in place, and almost 70% of them are pre-leased. We believe 2021 will be the record year. Then we’ll accelerate,” Spencer Levy (CBRE senior economic advisor) said. “What’s likely to happen soon is the rise in what’s called edge computing, getting closer the consumer, due to self-driving vehicles, and because you can work remotely. He said that it’s another factor driving the demand for more data center space. More than a dozen data center real estate are located in Ashburn, Virginia, just 30 minutes from downtown Washington, D.C. Bu...