Supply in primary markets increased by 10% or 515.0 megawatts (MW) in H1 2024 and by 24% or 1,100.5 MW year-over-year. The overall vacancy rate for primary markets fell to a record-low 2.8% in H1 2024 from 3.3% a year earlier, while the overall vacancy rate for secondary markets fell to 9.7% from 12.7% over the past year. Under-construction activity in primary markets hit a record-high 3,871.8 MW, up by 69% from a year earlier. However, a shortage of available power and longer lead times for ele...
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Data-center operator Cyxtera Technologies Inc filed for U.S. bankruptcy protection in New Jersey on Sunday, two years after the company went public, as it struggles to pay down debt and faces a sev...
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Revisiting How Many People Have Filed Bankruptcy ; Belisa Pang has an important new paper out about repeat filers, "The Bankruptcy Revolving Door." Using new techniques and as well as a database of credit reports, she estimates the percentage of bankruptcy filers who are repeat filers is 36%. In 2023, she estimates the figure was 46%. The paper also explores the reasons for repeat filings. It should be required reading for anyone in the consumer bankruptcy space. Pang's estimate is much higher t...
In 2023, primary market supply grew 26% year-over-year to 5,174.1 MW. An all-time high of 3,077.8 MW was under construction in primary markets, a 46% year-over-year increase. Construction increased most in Atlanta, growing by 211% to 732.6 MW under construction. The average monthly asking rate for a 250- to 500-kW requirement across primary markets increased by 18.6% year-over-year, to $163.44 per kW/month. Northern Virginia had a 42% year-over-year price increase, the largest among primary mark...