Originally posted to Data Center Frontier by Rich Miller.
We continue our series of stories on the leading geographic markets for data center space. Data Center Frontier partnered with DatacenterHawk to provide in-depth market reports on each city we profile. Read on for a special excerpt from the new New Jersey/New York Data Center Market Report.
Trends in Demand in New York Data Center Market
Data center demand in New York is dominated by the presence of the financial industry, which employs 330,000 in New York and accounts for more than 39 percent of the city’s economic output. Data center and IT infrastructure is critical to the operations of the city’s financial industry, tracking securities trading and storing transaction data. In recent years trading activity has been dominated by electronic platforms, including the rise of automated “robo advisor” services, and high frequency trading (HFT) operations that place enormous value on low latency computing and network operations.
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