{"id":1004284235,"date":"2018-12-06T04:52:49","date_gmt":"2018-12-06T12:52:49","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004284235"},"modified":"2022-12-05T21:35:29","modified_gmt":"2022-12-06T05:35:29","slug":"copt-to-increase-data-centers-in-prince-william-county","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/copt-to-increase-data-centers-in-prince-william-county\/","title":{"rendered":"COPT Builds 2 Data Centers in Prince William County\u2019s Opportunity Zone"},"content":{"rendered":"<p>By Keith Loria<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png\"><img decoding=\"async\" data-attachment-id=\"1004284253\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/copt-to-increase-data-centers-in-prince-william-county\/data-center-news-01b\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"data center news 01b\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png?w=800\" loading=\"lazy\" class=\"alignright size-medium wp-image-1004284253\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2018\/12\/data-center-news-01b.png?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Corporate Office Properties Trust (COPT) is building two new data centers in the Data Center Opportunity Zone Overlay District&nbsp;in&nbsp;Innovation Park, a 1,500-acre university-anchored corporate research park in Prince William County, Virginia.<\/p>\n<p><em>\u201cWe are expanding our presence in the biggest market in the U.S., if not the world. Land is far more affordable in Prince William County than Loudoun County,\u201d <\/em>a spokesperson for COPT told<em> Commercial Property Executive. <\/em><\/p>\n<p>The property is situated about 20 miles southwest of Washington, D.C., and is part of one of the densest clusters of fiber in the U.S. <a href=\"https:\/\/www.commercialsearch.com\/news\/cloud-activity-drives-data-center-demand\/\">Cloud activity continues to drive demand<\/a> in the data center market, particularly in Northern Virginia\u2014the sector\u2019s largest market in the U.S. and the world. According to Steve Budorick, COPT\u2019s CEO, Innovation Park is a savvy place to expand to due to its abundant availability of land, power and low latency fiber connectivity. Moreover, the county is a good partner in supporting its service delivery to their customers.<\/p>\n<p><em>\u201cBy providing a designated Data Center Opportunity Zone and positive business climate for high-caliber enterprise, the county provides an ideal environment that stimulates commercial growth which benefits businesses and residents alike,\u201d<\/em> said Jeanine Lawson, Brentsville District supervisor for the Prince William board of County Supervisors.<\/p>\n<h2>North America\u2019s top data center location<\/h2>\n<p>Prince William County is one of Northern Virginia\u2019s most in-demand data center locations and the county\u2019s Data Center Opportunity Zone Overlay District&nbsp;boasts more than 10,000 acres designated to support data centers and provides the lowest computer tax rates in the region.<\/p>\n<p>The increasing demand to be inter-connected, combined with the park\u2019s prominent East Coast location has resulted in Prince William County emerging as a formidable data center location in the Greater Washington, D.C., metropolitan area and the entire country.&nbsp;<\/p>\n<p>According to a recent JLL report, Northern Virginia is the country\u2019s biggest data center market, with Prince William County registering a significant percentage of the overall market. In fact, the county has logged 34 data center projects amounting for $6.9 billion in capital investment. JLL also noted that demand for data center space&nbsp;in the region is expected to exceed last year\u2019s by more than 30 percent.<\/p>\n<p>CBRE\u2019s latest&nbsp;report on&nbsp;U.S. data centers trends also cited Northern Virginia as the most active data center market, with net absorption of 100 MW in the first half of 2018.<\/p>\n<p>A recent <em>Northern Virginia Technology Council<\/em> study on&nbsp;the economic and fiscal contribution that data centers make to Virginia revealed that the area is home to the largest concentration of private sector data center employment and locations in the state. The NVTC&nbsp;research also showed that data centers are a critical part of the infrastructure that supports modern economy, not only in the technology sector, but also in advanced manufacturing, entertainment, finance, health care, information, retail, telecommunications and almost every other sector of the economy.&nbsp;<\/p>\n<p>The first of the two COPT data centers is already under construction and is scheduled for completion by July 2019.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The REIT will develop two new facilities in Innovation Park, one of the leading data center locations in the nation, taking advantage of the area\u2019s strong infrastructure.<\/p>\n","protected":false},"author":451,"featured_media":1004284253,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21755,21782,21808,11,21742,1615],"tags":[32789,34076,32796],"class_list":["post-1004284235","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centers","category-development","category-featured","category-midatlantic","category-latest","category-washington-dc","tag-cbre","tag-corporate-office-properties-trust","tag-jll"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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