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Released October 13, 2020 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--The rise in remote working during the COVID-19 pandemic has stressed the need for reliable U.S. data centers. Stay-at-home computing capabilities remain essential for business operations, even as states continue to reverse lockdown measures. Industrial Info is tracking more than $5.5 billion in U.S. data center projects that will be completed in fourth-quarter 2020.
Click on the image at right for a graph showing U.S. data center project completions in the fourth quarter, by market region.
According to a report from real-estate firm CBRE Group Incorporated (Los Angeles, California), data center providers continue to increase supply in primary U.S. markets (Northern Virginia, Dallas, Silicon Valley, Chicago, Phoenix, New York Tri-State and Atlanta); most of the demand stems from hyperscale companies (those that operate their own data centers), cloud companies and content providers. Businesses across the country are relying on hybrid information technology (IT) solutions, which use in-house resources in conjunction with off-site, cloud-based technologies, to maintain their productivity.
Data centers have been one of the U.S. real estate sectors least impacted by COVID-19 and the resulting economic downturn, according to CBRE. For information on the future of data center construction in the U.S., see February 10, 2020, article - Data Center Buildout Expected to Accelerate Rapidly in North America.
Northern Virginia accounts for the most fourth-quarter project completions in Industrial Info's project database, with eight valued at a combined $610 million. CloudHQ LLC (Washington, D.C.) is responsible for two projects that will be completed at the end of October. Phase 1 of a 61-acre data center campus in Ashburn involves the construction of two buildings. The Phase II expansion will add a third building on 10 acres. For more information, see Industrial Info's project reports on Phase I and Phase II.
Meanwhile, Allen, Texas, is home to CyrusOne LLC's (Dallas, Texas) $380 million Phase II building expansion at its 1.4 million-square-foot data center. Allen is located in a Dallas suburb. Completion is expected at the end of the year. For more information, see Industrial Info's project report.
As one can expect, major hyperscale companies Facebook Incorporated (NASDAQ:FB) (Menlo Park, California) and Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) are expecting their fair share of high-dollar fourth-quarter project completions. Facebook's $750 million data center in Eagle Mountain, Utah, which will expand data processing, storage and distribution, is set for completion at the end of the year. And a $375 million Building 7 expansion in Prineville, Oregon will be completed in early November.
For more information, see Industrial Info's reports on the Eagle Mountain and Prineville projects.
Amazon's Phase 3 expansion in New Albany, Ohio, is scheduled for completion at the end of October. The new 157,000-square-foot building will enable expanded cloud data services in the region. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
Click on the image at right for a graph showing U.S. data center project completions in the fourth quarter, by market region.According to a report from real-estate firm CBRE Group Incorporated (Los Angeles, California), data center providers continue to increase supply in primary U.S. markets (Northern Virginia, Dallas, Silicon Valley, Chicago, Phoenix, New York Tri-State and Atlanta); most of the demand stems from hyperscale companies (those that operate their own data centers), cloud companies and content providers. Businesses across the country are relying on hybrid information technology (IT) solutions, which use in-house resources in conjunction with off-site, cloud-based technologies, to maintain their productivity.
Data centers have been one of the U.S. real estate sectors least impacted by COVID-19 and the resulting economic downturn, according to CBRE. For information on the future of data center construction in the U.S., see February 10, 2020, article - Data Center Buildout Expected to Accelerate Rapidly in North America.
Northern Virginia accounts for the most fourth-quarter project completions in Industrial Info's project database, with eight valued at a combined $610 million. CloudHQ LLC (Washington, D.C.) is responsible for two projects that will be completed at the end of October. Phase 1 of a 61-acre data center campus in Ashburn involves the construction of two buildings. The Phase II expansion will add a third building on 10 acres. For more information, see Industrial Info's project reports on Phase I and Phase II.
Meanwhile, Allen, Texas, is home to CyrusOne LLC's (Dallas, Texas) $380 million Phase II building expansion at its 1.4 million-square-foot data center. Allen is located in a Dallas suburb. Completion is expected at the end of the year. For more information, see Industrial Info's project report.
As one can expect, major hyperscale companies Facebook Incorporated (NASDAQ:FB) (Menlo Park, California) and Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) are expecting their fair share of high-dollar fourth-quarter project completions. Facebook's $750 million data center in Eagle Mountain, Utah, which will expand data processing, storage and distribution, is set for completion at the end of the year. And a $375 million Building 7 expansion in Prineville, Oregon will be completed in early November.
For more information, see Industrial Info's reports on the Eagle Mountain and Prineville projects.
Amazon's Phase 3 expansion in New Albany, Ohio, is scheduled for completion at the end of October. The new 157,000-square-foot building will enable expanded cloud data services in the region. For more information, see Industrial Info's project report.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
