Data Center Executives Convene at Greater NY Data Center Summit

The third annual New York Data Center Summit attracted the C-suite executives of national and regional data center companies and end-users as well as investors in the data center industry. The one-day event featured 50 speakers and 14 panels, according to Brian Klebash, president and founder of CapRate Events. Jim Kerrigan, of Avison Young, kicked off the event with an overview of the market, stating that 2013 marked significant downward pricing pressure across the nation, particularly on larger wholesale transactions, and the markets with data center space in supply were Asburn, Va., Atlanta, Ga., and Santa Clara, Calif.

Brian Klebash, president and founder, CapRate Events, welcomes the attendees to New York and introduces the morning's line up of data center experts. (Photo by Colleen Miller.)

Brian Klebash, president and founder, CapRate Events, welcomes the attendees to New York and introduces the morning's line up of data center experts. (Photo by Colleen Miller.)

Stephen Madaffari, principal, Data Centers Delivered, (pictured right) moderated a featured panel on how cloud is impacting decision-making on the demand side. (Photo by Colleen Miller.)

Stephen Madaffari, principal, Data Centers Delivered, (pictured right) moderated a featured panel on how cloud is impacting decision-making on the demand side. Seated to the left is Mike Schouten Senior Vice President, Citigroup. Schouten noted that cloud and automation allow end-users to regain a lot of resources, adding that the cloud fits for downstream, back-office computing and storage needs. (Photo by Colleen Miller.)

Sean Farney, of Ubiquity, on a panel about the Past, Present and Future of Data Centers, noted that consumer technology is now driving technology and plans to bring data centers to the content "edge," or MSAs of 1 million people or more. (Photo by Colleen Miller.)

Sean Farney, founder and COO of Ubiquity Critical Environments, spoke on a panel about the Past, Present and Future of Data Centers, where he noted that consumer technology is now driving technology and his company plans to bring data centers to the content "edge," or MSAs of 1 million people or more. (Photo by Colleen Miller.)

Time for a bit of networking. John Clune, president of Cavern Technologies, a data center company that utilizes underground facilities, speaks with another participant.

Time for a bit of networking. John Clune, president of Cavern Technologies, speaks with another participant. (Photo by Colleen Miller.)

Conversations with data center peers are an important networking opportunity at this type of industry event. (Photo by Colleen Miller.)

Conversations with data center peers are an important networking opportunity at this type of industry event. (Photo by Colleen Miller.)

The New York-New Jersey region was of particular interest of the group gathered in the center of New York's financial district. Sean Brady, of Cushman Wakefield-NJ, said that New Jersey is the largest market for third-party data center space in the U.S., with California and Northern Viriginia for second and third places, respectively.

Everett Thompson, founder and CEO, WiredRE, moderated a panel on the tri-state area of New Jersey, New York and Connecticut and the data center opportunities there. (Photo by Colleen Miller.)

Everett Thompson, founder and CEO, WiredRE, moderated a panel on the tri-state area of New Jersey, New York and Connecticut and the region's data center opportunities. (Photo by Colleen Miller.)

John Sabey, President of Sabey Data Centers, said while there have been pricing ripples through multiple markets, he is hoping it is near the bottom. With facilities built for resiliency and redundancy, it is more challenging to push the price down. (Photo by Colleen Miller.)

John Sabey, President of Sabey Data Centers, said while there have been pricing ripples through multiple markets, he believes prices are stabilizing. (Photo by Colleen Miller.)

Sibbie Kurian, design engineer, ConEd, said the utility has $1 billion in storm hardening measures approved, which will help NYC data centers avoid Hurricane-Sandy type incidents. To the left is Donal Roche, Digital Realty Trust. (Photo by Colleen Miller.)

Sibbie Kurian, design engineer, ConEd, said the utility has $1 billion in storm hardening measures approved, which will help NYC data centers avoid Hurricane-Sandy type incidents. To the left is Donough Roche, Digital Realty Trust. (Photo by Colleen Miller.)

Data center vendors, such as Kyoto cooling, were on hand to discuss their solutions with participants. (Photo by Colleen Miller.)

Data center vendors, such as Kyoto Cooling, were on hand to discuss their solutions with participants. (Photo by Colleen Miller.)

Miles Loo, of Cushman Wakefield, moderated a panel on data center financing. (Photo by Colleen Miller.)

Miles Loo, Managing Director in the Los Angeles office of Cushman & Wakefield Western, moderated a panel on data center financing. Panelists said that the industry is very attractive to investment right now ans a lot of capital is flowing into the sector. (Photo by Colleen Miller.)