Southern California developers are increasingly turning to data center construction due to a low vacancy rate of 4% in Los Angeles, signaling a ripe opportunity for investment.
Darren Eades from JLL emphasizes that cities traditionally focused on office or industrial need to adapt to become more open to data centers, as it may be the best use of land.
New data center developments like the one in Monterey Park illustrate the rising interest in locations outside central Los Angeles, where land costs are high but demand for data storage is significant.
The vital connectivity of the region to Asia via undersea fiber optic cables enhances its attractiveness for data centers, despite challenges like securing sufficient power for new sites.
#data-centers #real-estate-development #southern-california #market-trends #technology-infrastructure
Collection
[
|
...
]