CAPRE Exclusive | Up-Close Q&A with Digital Realty’s Bill Stein: Expect Continued Demand for Connectivity, Cautious Optimism on COVID-Focused Construction Delays

NEW YORK, NY – Mission critical businesses the world over have had to adjust operations to adhere to safety recommendations, but they’re doing so with confidence. Perhaps one of the few pieces of silver lining out there is that the quarantined new normal requires connectivity and bandwidth. And firms like Digital Realty are answering the call. This week CAPRE connected with Digital Realty’s CEO, Bill Stein, who has in his tenure overseen the doubling of the company’s total enterprise value, as well as its inclusion in the S&P 500 Index, for an up-close interview on the state of play at DLR. Jeff Moerdler, head of the New York Real Estate and Communications practices for Mintz Levin, took the reigns of the conversation, handling the “Q” part of the Q&A. Moerdler kicked off the conversation with a request for the latest lay of the land, which was much rosier than the typical business would share. “We recently announced our entry into Mexico and just this week had a groundbreaking at our new Seoul data center,” shared Stein. “Our Q1 leasing was our second-best ever, and we’re on pace to at least equal and likely exceed that in the second quarter. In other words, the trends are good. As for interconnection, most of us are working, learning, or socializing from home. Many video conferencing and social networking companies are Digital Realty customers, and those customers have seen an uptick in bandwidth requirements.…