Whether you’re reaching capacity in your existing facility, looking to relocate your data centers, or seeking a lower cost provider, COLOTRAQ can help you find the right colocation solution in New Jersey and at no charge to our customers. We have over 500 partners and close to 3000 data centers located worldwide. That, and our connections and expertise, makes us ideally suited to find you the best colocation services in the New Jersey market.
New Jersey is one of the most active data center markets in the country. It is boosted by its proximity to Wall Street and the state’s robust supply of healthcare firms and enterprise users. The New Jersey market has traditionally focused on colocation facilities and single-tenant data centers in several northern counties located directly across the Hudson River from Manhattan. In recent years that has expanded to include a growing market for wholesale data center space in central New Jersey.
Some real estate executives say this burst of activity will add inventory to a data center market that, while poised to grow dramatically in the next five to 10 years, is already overbuilt. Some reports peg the vacancy rate for North Jersey data center space at about 20 percent. In contrast, third-party data center providers maintain that in the wake of superstorm Sandy and bolstered by the improving economy, there is already enough demand to justify their investment in additional facilities. And many of these providers estimated that the data center vacancy rate is far below 20 percent.
Demand for data center space is segmented between single-tenant facilities, “wholesale” data center space, and retail colocation providers. The demand outlook also varies between the northern counties adjacent to New York City and the growing cluster of wholesale providers setting up shop in central New Jersey. Real estate brokers warn that if the new wholesale supply isn’t absorbed quickly, providers may be tempted to discount space to fill their facilities.
Data center developers say pricing remains firm, and assert that some analysts have overstated the ”vacancy rate” by mixing product types and including projects that are not operational. Industry watchers say there continues to be strong demand for managed hosting and colocation space offering low-latency connectivity, a key sector in northern New Jersey.
COLOTRAQ’s value-add is significant: we know the business, markets, and facilities. This value-add is further enhanced by the fact that we are completely neutral and autonomous because we don’t own, operate, or work for any data center providers. Yet, we work with all of the commercial data centers in New Jersey. This means that COLOTRAQ’s customers get to pick the best of the best. Furthermore, the data center sourcing consultants we employ have comprehensive facility and market knowledge. They save you time and money by working directly with our data center providers, reviewing your requirements, and getting you competitive proposals. This promotes fair competition and ensures that you get the best data center provider, at the best price, based on your requirements, not on arbitrary sales quotas.
We can help you find data center colocation services in the New Jersey market, while giving you a client engagement experience that rivals any of the top tier consulting firms. Get started now by clicking the button.