Property Types Industrial
May 9, 2008
By: Scott Baltic, Contributing Editor
In a new survey just released by Digital Realty Trust Inc., 86 percent of respondents, more than 300 senior IT decision-makers at Fortune 2000 companies, said their organizations will “definitely or probably” expand their datacenters in the coming 12 months.
Of specific interest to the commercial real estate industry are the survey’s findings that:
* Among the companies that plan to expand their datacenters, 83 percent expect to expand the physical space.
* Forty-five percent of respondents plan to expand in three or more locations.
* The projected size of an average expansion is 15,000 square feet, a figure that’s up 50 percent from Digital Realty’s 2007 survey.
“The demand for datacenter space is … being driven by the rapidly growing IT infrastructure needs of companies across a wide cross-section of industries,” Michael Foust, CEO of Digital Realty Trust, said in a prepared statement. “It is particularly significant that 86 percent of companies are planning datacenter expansions in the next 12 months, especially in the context of the current economic environment. Despite the challenging market conditions, companies are making major investments in IT infrastructure, reflecting the critical nature of these assets to today’s corporations.”
Additional findings from the survey note that:
* Disaster recovery and Sarbanes-Oxley requirements were cited most often as key drivers of datacenter expansions. Power requirements, new applications, more physical space, connectivity needs and cooling requirements were also important factors.
* Despite increased attention to green aspects of datacenter operations, among companies that are planning datacenter expansions, 77 percent plan to expand power capabilities and 76 percent plan to expand cooling capabilities.
Digital Realty Trust Inc. owns, acquires, redevelops, develops and manages technology-related real estate. Its portfolio of 71 properties is located in 26 markets throughout North America and Europe and totals approximately 12.7 million rentable square feet, including 1.9 million square feet of space held for redevelopment.
By: Scott Baltic, Contributing Editor
In a new survey just released by Digital Realty Trust Inc., 86 percent of respondents, more than 300 senior IT decision-makers at Fortune 2000 companies, said their organizations will “definitely or probably” expand their datacenters in the coming 12 months.
Of specific interest to the commercial real estate industry are the survey’s findings that:
* Among the companies that plan to expand their datacenters, 83 percent expect to expand the physical space.
* Forty-five percent of respondents plan to expand in three or more locations.
* The projected size of an average expansion is 15,000 square feet, a figure that’s up 50 percent from Digital Realty’s 2007 survey.
“The demand for datacenter space is … being driven by the rapidly growing IT infrastructure needs of companies across a wide cross-section of industries,” Michael Foust, CEO of Digital Realty Trust, said in a prepared statement. “It is particularly significant that 86 percent of companies are planning datacenter expansions in the next 12 months, especially in the context of the current economic environment. Despite the challenging market conditions, companies are making major investments in IT infrastructure, reflecting the critical nature of these assets to today’s corporations.”
Additional findings from the survey note that:
* Disaster recovery and Sarbanes-Oxley requirements were cited most often as key drivers of datacenter expansions. Power requirements, new applications, more physical space, connectivity needs and cooling requirements were also important factors.
* Despite increased attention to green aspects of datacenter operations, among companies that are planning datacenter expansions, 77 percent plan to expand power capabilities and 76 percent plan to expand cooling capabilities.
Digital Realty Trust Inc. owns, acquires, redevelops, develops and manages technology-related real estate. Its portfolio of 71 properties is located in 26 markets throughout North America and Europe and totals approximately 12.7 million rentable square feet, including 1.9 million square feet of space held for redevelopment.
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