Thursday, October 02, 2008

Not all realtors are suffering

Interesting counter-cyclical datapoint just in from Digital Realty Trust (yes, I am a closet datacenter fan, though I haven't spent much time on the subject here - yet). It's interesting that the company signed new leases on nearly 50% more turn-key datacenter space in Q3 than the amount in previously signed leases which commenced during the same period - and at a significantly higher average price per square foot. In other words, there seems to be a marked acceleration in commitment to datacenter expansion as we head into recession. Maybe there's a lag effect in place here, and I will be curious to see what happens next quarter, but then again, my sense is that there was enough bad news already on the radar in Q3 that datacenter expansion projects could easily have been deferred - unless of course, they were deemed as absolutely essential regardless of the macro picture.

1 comment:

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