Cost-Cutting Sparks Growth in NJ Data Centers

NYC-based financial services firms looking to lower their IT
costs are increasingly using data storage centers in New Jersey, the Star-Ledger reports. 

While data centers in North Jersey have long attracted
business from the city, Wall Street firms are now even turning to centers in Central
Jersey, which still falls within what industry experts call the “doughnut.”
That means its distance from the city is far enough that real estate and
construction costs are lower, but not so far that data transmission speeds will
be too slow.

The growth in data centers, which developers spend between
$150 million and $300 million to build, represents a rare positive trend in the
mostly depressed NJ commercial real estate market.

NJ.com

Related:
> North Jersey Experiencing Data Center "Boom"