JLL: Demand For Data Centers Is Red-Hot

Massive movement of data from private, corporate servers to the cloud and a growing thirst for Internet of Things initiatives is pushing demand for data centers nationwide, according to a new report from JLL.

With data consumption skyrocketing, major cloud providers are anticipating the need to triple infrastructure by 2020.

“The data centers market is very fluid,” said JLL managing director Bo Bond, noting that data center portfolios are consolidating and rack densities are ascending rapidly. “Companies needed to start their strategic planning yesterday to have any prospect of staying ahead.”

Continue reading this story with a free account

Log in or register
Related Topics: Bo Bond, Data center, JLL
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

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

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

'Redefining Industry Standards': RCG's 3-Pronged Approach To Building Automation

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift