>>Strong Data Center Demand Seen for 2010
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Financing is a Factor
“Demand has been pretty steady,” said Dan Golding, Managing Director at DH Capital, an investment bank specialized in hosting and telecom deals. “The story has really been supply. It’s been very, very difficult for people to finance new data centers.”
At the national level, the pending demand for data center space may be three times greater than the available supply of quality space, according to Jim Kerrigan, the director of the data center practice at the real estate firm Grubb & Ellis. “All those deals that got shelved in 2009 because the CFO said no .. they’re going to happen,” said Kerrigan.
The end users at DataCenterDynamics New York included large firms in the financial sector, who concurred with the notion that cost-cutting has resulted in pent-up demand for data center space. “A year and a half ago we were talking about new data centers,” said Glenn Neville, Director of Engineering at Deutsche Bank. “Since then we’ve been talking about how long we can go with our current data centers. Our plans for growth are still there. Those plans are being postponed, but they’re not being cancelled.”
“It feels like someone closed a door, and things are backing up behind it,” said David Schirmacher, a vice president at Goldman Sachs.
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