CAPRE’s Great Northwest Cloud Summit Exclusive | Are Domestic Investment Opportunities Growing or Going?

SEATTLE, WA – “Domestic Investment Opportunities: Are they growing or going away?” was one of the most anticipated panels at CAPRE’s Great Northwest Cloud Summit, featuring the input of four influential thought leader sin the data center space. Moderated by Conan Lee, Managing Director, JLL, the discussion covered many aspects of the U.S. market, specifically where, what, and how much the panelists are witnessing. Lee kicked off the session with a look at demand drivers in the data center space. “It’s pretty obvious that the Cloud operators in 2018 had a significant impact on multi-tenant data center leasing,” he remarked. “It has decreased this year for a couple reasons. So where are you seeing demand? Is it still specific to those Cloud operators, or are you seeing something else?” David Readerman, Managing Member & Portfolio Manager, Endurance Capital Partners observed that if you look the JEDI contract, you’ll see that it’s worth $10 Billion USD of CapEx spend over many years. “It would appear to me, that the composition of who you’re leasing space to in these data centers has broadened,” he shared. “It used to be focused on the Cloud titans. We’re now crossing the chasm into the broad adopters. That’s a super bullish trajectory. This is a growth sector, even if not all parts of the “tech food chain” are doing well.” With that, Lee asked if the investment community is nervous about the fact that Cloud operators…