Big news for tech-driven real estate investors:
PhoenixNAP Global IT Services is building its second Phoenix-area data center, betting big on the Valley’s surging demand for data infrastructure.
Key Points:
- New Project: “PHX02” will be a 530,000-square-foot data center — more than three times larger than their first facility.
- Construction Timeline: Scheduled to start in four months.
- Focus: Designed to better serve smaller tech users, a niche many other centers overlook.
- Location Advantage: Builds on Phoenix’s booming growth in tech and data needs, making it a strategic move for investors interested in the Valley’s continued expansion.
Why This Matters for Investors:
- More tech infrastructure = stronger regional economy.
- Positive impact on housing demand as tech companies and workers continue flocking to Phoenix.
- Potential new opportunities for real estate near the expanding data center hub.