Data center leasing activity has increased dramatically and in what is already a record-setting year, wrote Strategic Capital Fund Management in its “Digital Infrastructure Update Third Quarter 2020” report.
Estimated total year-to-date 2020 leasing activity is approximately 515 megawatts, or a more than 28 percent increase over all 2019, with yet another quarter to go in 2020.
The firm believes the long-term fundamental demand drivers for digital infrastructure assets remain unchanged. Growth in internet traffic, cloud computing, internet of things (IoT), 5G, and evolving technologies, such as virtual/augmented reality and autonomous vehicles, should continue to pave the way for long-term growth in the data center and wireless infrastructure sectors.
To read the full report, click here.