Cushman & Wakefield has released the most recent batch of reports on key US data center markets for Fall 2019, including Boston, Salt Lake City, Minneapolis, Pittsburgh, Portland & Seattle.
Here are some of the highlights of this quarter's reports:
Boston: while absorption and construction remain tepid, the data center investment market had a strong 2019.
Over the past two years, space in Minneapolis has slowly filled, leading to the possibility that development may be in the near future.
Pittsburgh remains a mid-tier edge market, with interest from certain smaller national providers and tighter vacancy than most.
Portland is reaching its potential as a booming market, with 50 MW under construction and triple that amount planned in the coming years.
Salt Lake City is a growing data center market, with very low land and power costs and a growing IT sector.
While Seattle suffered from overbuilding in years past, this has continued to dissipate over time with slow yet consistent take-up of this type
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