Exclusive: Have We Reached an Inflection Point in Data Centers? CAPRE Texas Summit Coverage
AUSTIN, TX – The dynamics of the data center markets are changing, the talks of recession are on the rise, and an election is a year away. So, where are the most attractive domestic investment opportunities? One of the signature panels at CAPRE’s Text Data Center Summit last week, the 10:00 am session titled “Domestic Investment Opportunities: Have we reached an inflection point?” tackled these questions and more. Moderator Miles Loo, Jr., Executive Vice-President at Newmark Knight Frank kicked off the session with a question for panelist Sami Badri, Senior Equity Analyst at Credit Suisse. “After a long economic expansion, no one knows when the recession will hit or how severe it will be,” offered Loo. “So what is your view on the timing of the next downturn – how will it affect the DC market?” Badri replied that there’s no easy answer. Rather, all of the major players are telling different stories. “You could say that not a single data center operator is in line with the other operators’ results. That’s the biggest takeaway from Q3 2019 results.” However what is most interesting, according to Badri, is that the global economic recession narrative seemed like it would impact the data center industry by now, but that hasn’t been the case universally. “When it comes to consumption of equipment, you’re seeing a slowdown, but for the actual data center infrastructure, you’re not….it’s a mixed picture.” Loo then pivoted to the…
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