I think this is true in a lot of markets. 11 Great Oaks is the place to be in Silicon Valley (with PAIX and MPT as distant second and third), but it's an old, s

I think this is true in a lot of markets. 11 Great Oaks is the place to be in Silicon Valley (with PAIX and MPT as distant second and third), but it's an old, shitty building and you can't get any kind of reasonable power density. Enter 9 Great Oaks, on the other side of the parking lot, which is a modern building that has cross connects at the same price back to 11 Great Oaks. I think there's a lot of money to be made in having modern buildings that are situated close by the dominant carrier hotels. The crazy money is still made from cross connects, but you can also charge a premium on space because it still makes more sense than running a ton of fiber to the middle of nowhere.