Data Bytes From DICE

Big companies are investing more in data centers than ever before. And as we heard at our Bisnow national Data Center Investment Conference & Expo (DICE) last week, it's why IT pros are now getting a cushier seat at the executive table. At the Renaissance Arlington Capital View in Crystal City, Va., Himes Associates CEO Paul Himes said data centers are now an integral part of a company's real estate strategy. "Corporate real estate guys have gone down in the pecking order, and IT guys have risen," says Paul, who adds that high-profile data breaches like the one Target just went through are also an impetus for companies to get smarter on how they store data.

With abundant power, a solid fiber network, and a highly skilled workforce, Chicago is still clearly one of the "big six" data center markets, said 451 Research's Katie Broderick. Chicago and other tier one markets (NYC, Silicon Valley, Los Angeles, DC, and Dallas) are so far ahead of the pack, there isn't even really a tier two, Katie says. One big data center trend she says to watch for is big companies using private cloud technology to store data, to mitigate the risk of using public clouds, for which security is a concern.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Chicago Newsletters
Related Stories

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

California Emerging As Data Center Fallback Market Amid Nationwide Opposition

Data Center IPO Wave Reveals A Variety Of New Strategies In Booming Sector

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

Prologis Acquires 69 Acres For 1M SF Chicago-Area Industrial Development

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years

Healey's New Data Center Rules Make Massachusetts A Tough Sell For Developers

First LaSalle Street Reimagined Conversion Opens In Chicago's Loop

CBRE IM Buys Net Lease REIT For $1.6B, Plans More Investment

The Difference Between Service And Hospitality That Makes A Flexible Workspace A Success