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Thursday May 23, 2013

Commercial Real Estate Profits From Leasing Data Storage Space

HANOVER, GERMANY - MARCH 05:  A worker connect...

HANOVER, GERMANY – MARCH 05: A worker connects IBM Intelligent Cluster modules, including servers and data storage devices, of a Data Center at the IBM stand the day before the CeBIT 2012 technology trade fair officially opens to the public on March 5, 2012 in Hanover, Germany. CeBIT 2012, the world’s largest information technology trade fair, will run from March 6-10, and advances in cloud computing are a major feature this year. (Image credit: Getty Images via @daylife)

Leasing data storage space is a lucrative business for real estate companies. Commercial real estate firm Cassidy Turley focuses on assisting the owners of buildings and co-location companies to find tenants for data storage space.  Thomas Traugott, who heads the new business, also advises developers on building new data centers. But he can expect competition from companies including Cushman & Wakefield and CBRE Group, which has 50 people working on data center transactions.

The Wall Street Journal