|Demand for data center space is going to hit 30 to 40 MW in 2012, says Jones Lang LaSalle's Matt Carolan (right, with colleague Sean Reynolds), who will be speaking at Bisnow's Chicago Data Center Boom event Dec. 8. That means supply, which is slated to be as low as 35 MW, may not be enough.
He tells us that data center tenants looking for co-location space are
often prompted to do so by a somewhat catastrophic event, like losing a
division of their company (or a giant asteroid slamming into their HQ
after hours), so they're often in a hurry to find the
right space. With two new co-location centers being built in the South
Loop and another four going up in the suburbs, now is the time for
possible tenants to make their moves. But investors and developers are
circling the wagons, looking for new sites all the time, he says.
|One of the new suburban centers, Latysis in Oak Brook. Chicago has proven a strong market for data centers because of a low incidence
of natural disasters (great, now we've jinxed it), a somewhat lower
cost of power, and a good labor pool, Matt says. Data centers are some
of the only buildings being developed on spec right
now, but demand for the centers is arriving quickly and attracting the
attention of investors and brokers. Matt anticipates that the need for
more data center space will continue to grow as we increasingly use
technology like iPads and smartphones.
Wanna learn more? Join Matt and other data center experts on Dec. 8
at the Westin Chicago River North. See the full lineup and sign up here!