The modern data center is a key component of the modern business. Strategies, go-to market initiatives, and entire organizational goals are being built around the capabilities of IT. Throughout all of this, we’re seeing growing demand around the data center and all of its supporting resources.
Today, organizations are absolutely looking at new ways to deliver data center resources to their users. However, what are the options? Do you buy, lease, or build? Consider this – At the end of February, the Financial Accounting Standards Board (FASB) released a new rule that will require companies to report operating leases on the balance sheet. The rule will affect all leases that are longer than one year -everything from real estate to vehicles to office equipment. But for most companies, real estate is where the dollars are.
According to the Wall Street Journal, real estate leases account for roughly 60% of the dollar value of the average Fortune 1000 company’s lease portfolio.
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