Download the full report.
The region has also become a favored location for hosting, colocation and cloud computing companies. Chicago sees strong demand from the enterprise sector as well, both for primary data centers and as backup/disaster recovery facilities.
New players continue to enter the Chicago data center market, while incumbent providers are adding space to accommodate future demand. RagingWire/NTT Data Centers and Iron Mountain are each building large facilities in Suburban Chicago, where NYI (New York Internet), Element Critical and SBA Communications have entered the market through smaller deals.
Elk Grove Technology Park, formerly known as Busse Farm, was purchased in early 2018 as part of a $1 billion development project led by Brennan Investment Group. The business park is a focal point for regional fiber optic system infrastructure, and spans 85-acres in the O’Hare marketplace.
“Our latest T5 site has all the characteristics that qualify it as being the best comprehensive data center site in the Midwest,” stated David Horowitz, T5 Data Centers SVP.
Experienced Player in Wholesale Development
T5 Data Centers is a 10-year-old company, and was an early player in the market for build-to-suit wholesale data centers, initially focusing on single-tenant facilities for marquee tenants. T5 helped establish western North Carolina as a key data center destination, and soon expanded to Atlanta, Los Angeles, Portland, Colorado Springs, suburban New York, Chicago and Ireland.
In 2014 the company launched its T5FM facilities management arm, which gained strong traction, adding 11 new facilities as clients in 2018.
Last year T5 Data Centers announced an investment from global real estate company QuadReal Property Group, along with plans to create a platform to provide “holistic” solutions for enterprise and hyperscale users. QuadReal and T5 say they will launch a fully-integrated platform to develop, acquire and operate data centers.
