THIS MORNING IN JERSEY

Netflix, Hulu, Zynga—all services and applications we use are driving the need for data centers, and we’re in the early innings of a boom cycle, 175 attendees learned this morning at Bisnow’s New Jersey Data Center Boom event in Gotham City. (Well, really Newark, but upcoming Batman flick The Dark Knight Rises is filming there for a few days.) Thank demand for outweighing supply for the foreseeable future. Telx CEO Eric Shepcaro says he’s seen 12 straight quarters of 30% year-over-year growth. Clients are now asking, “Do I really want to build a 50MW data center?” when they know they can growslowly and cost efficiently by outsourcing, points out Digital Realty Trust VP Brian Doricko.
Growth is not only coming from the financial industry (both NY and Chicago) but also from healthcare and consumer brands, which are looking at data centers differently, says Savvis VP Drew Leonard. Instead of focusing on building data centers and achieving compliance, they’re becoming comfortable with IT outsourcing and are concentrating their efforts on growing their businesses internally. These clients are becoming more savvy, understanding the costs and what the providers will deliver. They’re doing their homework on how dollars are spent, he says. See full coverage of the event here.

Continue reading this story with a free account

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

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

RXR Marketing Executive Lauren Maturo Dies At 32

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Weil Gotshal Wind-Down Leaves 830K SF Hole In America's Office Market

Meet Bisnow's 2026 New York Power Women Honorees

Related, Oxford Land Tenant For Top Floors Of 70 Hudson Yards

BXP Execs See Better Returns In Building Offices Than Buying Them

Prologis To Develop 3.8M SF Industrial Park On Former Casino Site

Foundry Robotics Leaves San Francisco For New East Bay HQ

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Epicenter Landcorp Buys Culver City Flex Industrial Building For $11M

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook