David Naeger of Jones Lang LaSalle outlines the current state of the St Louis data centre market.
As technology and increased connectivity continue to drive important business decisions, companies are taking a critical look at how data storage and processing supports those decisions and impacts their bottom lines. This focus on finding the best way to store and manage technology has created a thriving data centre environment in St. Louis. The city has become a hotbed of data centre activity because of its central Midwestern location, favourable cost of living, educated labour pool and low power costs. St. Louis also is a major convergence spot for fibre optic providers and is considered a key network peering city. Currently, there are 10 Fortune 500 companies with major data centres in St. Louis. Also, five of the top 10 North American data centre providers have operations here. We expect that number will rise even higher during the next several years.
Source: RE Journals