Millennials are Arriving, Enterprises are Done Leaving, and Investors are Buzzing about Atlanta’s Data Center Market | CAPRE Exclusive with CBRE’s Mike Lash

ATLANTA, GA – CAPRE’s Fourth Annual Greater Atlanta Data Center & Cloud Infrastructure Summit kicked off with “State of the Greater Atlanta Data Center Market,” by Mike Lash, Senior Associate at CBRE Data Center Solutions, a firm which manages 80 Million square feet of raised floor space within enterprise, colocation and hyperscale data centers. In this keynote, Lash offered a lay of the land of the data center industry, both nationally and locally to Atlanta to illustrate that data centers aren‘t going anywhere, but who owns them and how they’re being constructed is changing. For example, in 2017, about 77% of data centers were on-premise, but Lash shared how that number is expected to shift to around 40% by 2022. “So there’s a huge shift from enterprise into what we call third-party data centers, and what’s what we’re trying to track,” he remarked, divulging further that some are even predicting that when it finally ends, the number of enterprises with on-premise data centers will be in the single digits. “That being said, we’re also tracking the growth of data centers. our sector is growing by 28% year over year, compounded annually. That is a staggering number, if you think about how many billions of dollars are currently in the data center business.” So what is growing the most, between retail data centers, wholesale data centers, and hyperscale? “Hyperscale is growing at an incredible click, at about 48% year over year…