San Francisco, California – (The Hosting News) – May 7, 2008 – Owner and manager of corporate datacenters and Internet gateways, Digital Realty Trust, Inc., has reported strong leasing results for the first quarter of 2008.
The Company commenced leases during the quarter totaling approximately 334,800 rentable square feet of space. This includes 256,200 square feet of Turn-Key Datacenter space leased at an average annual GAAP rental rate of $119.25 per square foot, 46,300 square feet of Powered Base Building space leased at an average annual GAAP rental rate of $52.42 per square foot, and 32,300 square feet of non-technical space leased at an average annual GAAP rental rate of $19.31 per square foot.
Michael F. Foust, Chief Executive Officer of Digital Realty Trust noted, ”We are continuing to experience strong demand for our Turn-Key Datacenter and Powered Base Building solutions from a diverse base of customers throughout our top markets. Those markets include New York Metro, Northern Virginia, Chicago, Dallas, Phoenix, San Francisco and Silicon Valley in the U.S. and London, Dublin and Paris in Europe.”
Leases were signed during the quarter totaling 260,200 square feet of space for the company, including 106,400 square feet of Turn-Key Datacenter space. The space was leased at an average annual GAAP rental rate of $100.05 per square foot, nearly 120,000 square feet of Powered Base Building space leased at an average annual GAAP rental rate of $67.60 per square foot, and 33,800 square feet of non-technical space leased at an average annual GAAP rental rate of $25.93 per square foot.
Chris Crosby, Senior Vice President of Sales and Technical Services for Digital Realty Trust noted, ”Customers from a variety of industry sectors, including financial services, corporate enterprise, and Internet enterprise, as well as managed service providers and IT outsourcing companies are seeking both Powered Base Building and Turn-Key Datacenter solutions to meet their own or their customers’ requirements for state-of-the-art datacenter space. In fact, we have seen a particular increase in demand for outsourced solutions from customers looking for ways to cut costs under today’s challenging market conditions.”
Digital Realty Trust, Inc. owns, acquires, redevelops, develops and manages technology-related real estate. The Company is focused on providing Turn-Key Datacentre and Powered Base Building datacentre solutions for domestic and international tenants across a variety of industry verticals ranging from information technology and internet enterprises, to manufacturing and financial services. Digital Realty Trust’s 71 properties, excluding one property held as an investment in an unconsolidated joint venture, contain applications and operations critical to the day-to-day operations of technology industry tenants and corporate enterprise datacentre tenants. Comprising approximately 1.2 million rentable square metres (12.6 million square feet) as of April 1, 2008, including 186,000 square metres (2 million square feet) of space held for redevelopment, Digital Realty Trust’s portfolio is located in 26 markets throughout Europe and North America.
To learn more, please visit: www.digitalrealtytrust.com.