By: Walter Bialas
JLL recently released its annual data center report covering the top US markets. Overall, data center demand is expanding rapidly as cloud technology becomes more a part of everyday life.
As noted in the report, “consumers have an insatiable thirst for digital content”. In fact, JLL expects the cloud managed service market to double in the next five years.
The report highlights a variety of factors shaping the US and global markets. One of the most important is that data center users are spreading out across locations to bring data closer for greater reliability and speed.
Dallas-Fort Worth’s central location, deep technology roots, and advantageous utility pricing continue to position it as a major data center hub. Add to that our market’s strong job growth and ongoing corporate relocations and expansions make data centers a natural fit – and a potential business extension for companies expanding their office presence here.
As noted below, financial services, insurance, and technology are key demand sectors, with health care becoming more important looking ahead.