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QTS Renews Leases at One of the World’s Largest Data Centers

By Tony Seruga

The new deals bring the weighted average remaining lease term to four years at QTS Metro Atlanta. QTS owns an adjacent, 17-acre plot of land which could be developed as needed into another facility.

QTS has signed new contracts with longstanding clients at its Atlanta metro hyperscale data center. Two lease extensions were inked, totaling 19 megawatts in aggregate capacity. The anchor tenants paid above pre-renewal rates.

The two clients signify a sizable portion of the company’s annualized rent, and the new deals bring the weighted average remaining lease term to four years. The hyperscale facility currently serves approximately 235 tenants from various industries. According to JLL’s latest Data Center Outlook, demand in the Atlanta market remained high throughout last year, with many large users seeking IT solutions at lower cost. The metro saw 12.5 megawatts in net absorption by the end of 2017, a value forecasted to be exceeded in 2018…

QTS Renews Leases at One of the World’s Largest Data Centers

Categories : Commercial Real Estate

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