The Northern New Jersey Data Center Market

The Northern New Jersey Data Center Market

It's no surprise the Northern New Jersey data center market has grown over the past few years. Even with the threat of oversupply two years ago, the market has continued to see demand and activity from data center users and operators. The Northern New Jersey colocation market has grown considerably over the last few years due to proximity to New York City, robust infrastructure, and favorable business climate.

In 2008, the Northern New Jersey market was mostly data center users that built, owned, and operated their own enterprise data centers. The financial implosion of 2009 helped fuel the colocation market as data center providers scoured Northern New Jersey for sites and opportunities to offer solutions to these companies.Typical requirements in the Northern New Jersey market are above 1 MW, but certain companies entering the market will sometimes have requirements starting at 100 kW. Industries active in the Northern New Jersey market are financial, healthcare, media, and technology companies.

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Power Overview

Northern New Jersey's electricity costs are high when compared to other colocation and enterprise data center markets in the United States. However, the rates are almost 11% less than the average cost across the state line in New York. Due to incentives to build rather than retrofit, Northern New Jersey offers data center users significantly lower power costs in purpose-built facilities.

Connectivity Overview

The Northern New Jersey market is flush with fiber connectivity thanks to a confluence of economic and topographic factors. Suburban areas of Newark, Piscataway, and other New Jersey cities offer a favorable population density-to-available real estate ratio needed by carriers to install (and profit from) expensive fiber networks. Thousands of miles of fiber installed by over a dozen private and public entities sprawl under Northern New Jersey to provide fast connectivity. Northern New Jersey also serves as a network interconnection point at the eastern edge of the United States to the undersea Internet cables running between North America and Europe. This direct connection to Europe's financial hubs of London and Paris is a key factor in the sustained growth of the Northern New Jersey's network connectivity.

Hazard Risk Overview

The Northern New Jersey market is at moderate risk for hurricane threats directly from the Atlantic Ocean.

Northern New Jersey DATA CENTER MARKET OPTIONS

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