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They Make Perfect Neighbors, Too -- Quiet, And They Don't Take Up Parking Spots
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Why are rents at bland, undistinguished, low-rise buildings on the New Jersey side of the Hudson River going for several times that of fine Manhattan office space? Believe it or not, it's all about the electrical power. The buildings are data centers, and they offer companies that want to locate large banks of servers someplace with plenty of available, adequate power. Also, the Jersey data centers are where Wall Street has its servers, and, ostensibly, putting your server close to, say, the NYSE's will speed up trades by the nanoseconds that might make a difference. So, when you see those plain, ugly buildings in Secaucus and Weehawken on your way to the Lincoln Tunnel, you're looking at gold mines. (New York Times)
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