What is a leased data center? Leasing data center space is a convenient way for corporate users to maintain and secure their servers without the capital costs and hassles of operating their own data center environment. Data center space is generally monitored 24 hours a day, seven days a week, including all electrical and mechanical systems.
Who leases data centers? Microsoft, ByteDance, Facebook Leased More US Data Center Space Than Anyone in 2020. Companies leased three times more multi-tenant data center capacity last year than in 2019.
How much does IT cost to rent space in a data center? The price of a ¼ rack of space in most data centers can range from $300 to $500 a month, with space in more centrally located data centers typically costing substantially more.
What is data leasing? Data Processing Lease means any lease or licensing agreement, binding on the Failed Bank as of Bank Closing, the subject of which is data processing equipment or computer hardware or software used in connection with data processing activities.