Wired Real Estate Group Place 5,000 SF Data Center Requirement on Behalf of 200 Paul Ave Master Lessee
SAN FRANCISCO, June 12 /Data Center Real Estate News/ — Wired Real Estate Group (“WiredRE”), the nation’s leading cloud, colocation & data center advisory firm, have filled 5,000 square feet of net data center space at 200 Paul Avenue, San Francisco, with a national data center tenant. With this deal, WiredRE have further cemented their position as the nation’s leading firm for Data Center Real Estate Brokerage.
Identifying new colocation and data center real estate availability has become a challenge for IT organizations. Investment in data center real estate has slowed, owing to the difficulty of obtaining debt financing. This has resulted in limited colocation and data center supply growth. Driven by changes in computing power, regulatory compliance, and network costs, demand for colocation and data center real estate has remained strong. The search and procurement process is becoming more critical by the day.
“The colocation and data center market is highly inefficient. As evidence, I would cite the common knowledge in San Francisco that 200 Paul Avenue is full. In reality, and even subsequent to our transaction, there are many MW of net IT space available,” commented Everett Thompson, President. “Inefficiency can work for you or against you.”
Despite lower commercial real estate activity overall, WiredRE attribute their success to their singular focus on Wired Real Estate (Data Center and Multi-Networked Office Real Estate). The firm also manages a free search and listing service, which is intended to create efficiency by allowing colocation and data center users to search, map, and qualify sites directly. The company has completed over 150 engagements with leading financial, enterprise, and telecom firms, including numerous members of the Fortune 200. Nationally, the firm represents nearly 1 MM square feet of retail, wholesale, and shell data center space, including major data center developments in Colorado, Virginia, San Francisco and Irvine.