News
Chicago Commercial Real Estate

SUBURBAN DATA CENTERS BOOM, TOO

Ascent’s Phil Horstmann tells us he's seeing success in the 'burbs. The developer has already signed two tenants to its new 250k SF spec data center in Northlake. Phil says he’s still finding strong enterprise user interest in the western suburb and is also seeing a huge increase in demand for data center space for companies that handle medical records, financial services, and apps for smartphones and iPads. The Chicago market is the most connected in the country, he tells us, and also has lower costs of energy than New York or LA.

Continue reading this story with a free account

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

Federal Government To Sell Nearly 31K SF In Five Points: The Denver Deal Sheet

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Artificial Intelligence Companies Reshaping Dublin Office Demand As OpenAI Confirms HQ

Mars Factory Overhaul Stalls As Candymaker's Chicago Expansion Accelerates

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Empire State Building Observation Deck Hemorrhaging Visitors, Value

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI

America's War Machine Is Growing, Sparking A Defense Real Estate Boom

Boca Raton's New Leaders Throwing 'All Kinds Of Curveballs' At Developers

CBRE Posts 16% Revenue Growth In Q2 As Data Center Business Shines

How Metropolis Is Bringing Parking Into The Future With AI And Recognition Technology

While Chicago Development Stalls, Fulton Market Keeps Building