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 report that explores the New York and New Jersey Data Center Market.
It’s no surprise the New Jersey data center market has grown over the past few years. Even with the threat of oversupply two years ago, the market has continued to see demand and activity from data center users and operators.
The New Jersey data center market is home to 2.14 million SF of data center, representing 234 MW of commissioned power, according to research from DatacenterHawk. With a vacancy rate of 18.1 percent, New Jersey has more unfilled space than most major data center markets, reflecting lower demand. The state saw absorption of 13.2 MW of space in 2016 as activity began to pick up.
To read the full article, please click here.
