One of Digital Realty Trust's Powered-Base Buildings.
(WEB HOST INDUSTRY REVIEW) — Data center operator Digital Realty Trust (www.digitalrealtytrust.com) announced on Thursday it has commenced leases of about 90,000 square feet of data center space in the third fiscal quarter ending September 30 and signed leases on an additional 67,000 square feet of space.
The announcement comes on the heels of DRT’s acquisition of two data centers in California’s Silicon Valley area, including 444 Toyama Drive facility in Sunnyvale and 1525 Comstock Street in Santa Clara.
“The continued demand for our turn-key data center product has produced strong leasing results in the third quarter,” says DRT CEO Michael Foust. “On a year-to-date basis, the leases that have commenced will contribute approximately $54.1 million of incremental revenue recognized in 2009. Including the backlog of leases signed that are scheduled to commence in the fourth quarter of 2009, we are on track to meet our leasing estimates for the year.”
DRT also began customers’ leases on 11,000 square feet of “non-technical” space, as well as signed new leases on 5,000 square feet of “powered base building” space and 22,000 square feet of non-technical space.
The powered base facilities feature power infrastructure, fiber access and planning permits for customers to build out and operate their own data centers.
The company’s leases of turn-key data center space that began during the quarter were at an average annual rate of $187 per square foot, while the average rate for leases of comparable space signed was $192 per square foot.
As of September 30, DRT has also began leases of about 666,000 square feet of space this year.
This includes about 317,000 square feet of turn-key data center space, 174,000 square feet of powered base building space and 176,000 square feet of non-technical space.
