Growth in cloud computing, maturity of the online business model, new regulatory compliance record keeping…so many pressures are driving the need for data center build-outs and expansions to handle our world of big data, and massive processing tasks.
A handful of states are benefiting from the domestic infrastructure developments to support these requirements, and Colorado is a major player among them. Wired Real Estate Group, Inc. (â€œWiredREâ€), the nation’s leading data center advisor, has completed the placement of another national colocation company in an 82,000 square foot property in Denver, Colorado. The site offers 14 MW of existing utility service, and when completed, the site is expected to garner over $50 million in investment as a high density, Tier III colocation facility. With the brokerage of this deal, WiredRE successfully garnered a 100% growth rate in 2011. Sure evidence of the market’s hot trend.
“We doubled our revenues in 2011 and we expect to achieve 200% revenue growth in 2012. The broad adoption of our services and increasing market demand are strong indicators driving the preference for advisory and development firms solely focused on data centers,â€ commented Everett Thompson, CEO. In fact, the Colorado data center market absorbs approximately 40 MW of new demand annually, and nearly half of that demand surrounds Denver with the remaining 20 MW landing in Colorado Springs.
Complex managed services will continue to have almost half of the market share, however, shared services are expected to grow fastest The Colorado data center market has seen significant investment and finance activity over the last several years. WiredRE also represents the Vineyard Data Center Park, located in South Colorado Springs, which has recently been awarded both state and federal incentives (New Market Tax Credits) estimated at over $100 million.
For more information about WiredRE and its approach to data center advisory solutions, visit www.wiredRE.com.