The data center cluster in Northern Virginia is three times the size of the next-largest data center area in the world, in Singapore. The industry saw a major boost during the pandemic, as more work and social life shifted online. Those boom times are expected to continue, with new artificial intelligence technology driving even more demand
The post Northern Virginia (Singapore) fact of the day appeared first on Marginal REVOLUTION.
The data center cluster in Northern Virginia is three times the size of the next-largest data center area in the world, in Singapore. The industry saw a major boost during the pandemic, as more work and social life shifted online. Those boom times are expected to continue, with new artificial intelligence technology driving even more demand for server space. That’s significant for local governments increasingly dependent on the industry for tax revenue.
…Northern Virginia’s data centers had a 2% vacancy rate in the first half of 2023, and prices for companies looking to lease that space jumped by 15-20%, both signs of remarkably high demand for square footage in the massive complexes.
Here is the full story.
The post Northern Virginia (Singapore) fact of the day appeared first on Marginal REVOLUTION.
Data Source