What is the current New York Data Center Market size?

The New York Data Center Market is projected to register a CAGR of 9.30% during the forecast period (2024-2030) Read More

Who are the key players in New York Data Center Market?

Digital Realty Trust, Inc., DataBank, CoreSite, CyrusOne and Equinix Inc. are the major companies operating in the New York Data Center Market. Read More

What years does this New York Data Center Market cover?

The report covers the New York Data Center Market historical market size for years: 2018, 2019, 2020, 2021, 2022 and 2023. The report also forecasts the New York Data Center Market size for years: 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Read More

New York Data Center Market Size & Share Analysis - Industry Research Report

New York Data Center MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2024 - 2030)

The New York Data Center Market is Segmented by DC Size (Small, Medium, Large, Massive, and Mega), Tier Type (Tier 1&2, Tier 3, and Tier 4), Absorption (Utilized (Colocation Type (Retail, Wholesale, and Hyperscale)), End-User (Cloud & IT, Telecom, Media & Entertainment, Government, BFSI, Manufacturing, E-Commerce, and Other End-User Industries), and Non-Utilized). The Market Sizes and Forecasts are Provided in Terms of Value (MW) for all the Above Segments.

New York Data Center Industry Overview

Although quite a few data center service providers are operating in the New York data center market, a lot of operators choose to capitalize on large-scale organizations available in the market in other regions with lesser costs. Even though the concentration of industries in the New York urban area generates sufficient demand to inhabit a large facility, the costs of power by itself can stop data centers from making an investment in the area.

This has encouraged the development of a new sub-market for data centers in Rockland County, which is in the state of New York. The submarket is focused on Orangeburg, the town that is around 25 miles northward of Manhattan. In 2021, DataBank announced an important development in Orangeburg. The company bought a 34-acre property in the area. It plans to construct a data center with a capacity of 200,000 SF, 30 MW.

Furthermore, in May 2022, ColoHouse announced the expansion of its footprint in Orangeburg with a 1547 critical systems realty facility. This facility added 15,000 SF of capacity to the company's portfolio.