Posted By Rich Miller On April 12, 2007 @ 10:24 am In Digital Realty | Comments Disabled
The former AboveNet facilities acquired in October  (1807 Michael Faraday Ct., 8100 Boone Boulevard and the 83K of space at 111 Eighth) fill three of the top five spots. All have multiple tenants that initially leased space from AboveNet. In Phoenix, 120 E. Van Buren also has multiple tenants. Since these are average prices, in each of these sites some tenants are paying higher rates, as suggested by the 3Q06 data from the company. The remainder of the top 10 provides an indication of why Digital Realty is now investing heavily in a European expansion, and has selected Dublin as the site of its first ground-up “greenfield” data center construction project, a 120,000 square foot facility at Clonshaugh Industrial Estate.
As with the data center list, there are several factors to consider in comparing these numbers. These facilites are more likely to have a mix of office tenants as well as data center tenants. Most have been established bandwidth hubs for years, and thus also are more likely to have long-term telecom tenants, whose leases wouldn’t reflect recent market pricing.
Article printed from Data Center Knowledge: http://www.datacenterknowledge.com
URL to article: http://www.datacenterknowledge.com/archives/2007/04/12/data-center-rents-and-leasing-trends/
URLs in this post:
 analysis of pricing trends: http://www.datacenterknowledge.com/archives/2006/Nov/14/prices_for_cabinets_space_trending_higher.html
 10K filing (PDF, 1.5MB) : http://library.corporate-ir.net/library/18/182/182279/items/238915/DLR-10Kfin.pdf
 acquired in October: http://www.datacenterknowledge.com/archives/2006/Oct/02/digital_realty_acquires_abovenet_centers.html
 Rich Miller: http://www.datacenterknowledge.com/archives/author/richm/
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