BlackSwan Zine

The growing importance of electric power is remaking the business of leasing data center space, with megawatts replacing square feet as the primary benchmark for real estate deals.
“Our business is all about leasing access to power,” said Michael Foust, the CEO of Digital Realty Trust, the largest data center developer landlord. “The square footage is almost secondary [...]

What a difference a year makes. As 2008 drew to a close, DuPont Fabros Technology was struggling. Facing the brutal headwinds of the credit crisis, the data center REIT’s stock had slipped to an all-time low of less than $2 a share after the company halted three development projects amid financing challenges.
Twelve months later, even [...]