For the first time since the early 2000s, a new colocation data center is planned for San Francisco. The 240,000-sq-ft campus at 400 Paul Avenue is expected to be developed into a premier data center property in a joint partnership between fifteenfortyseven Critical Systems Realty and infrastructure fund firm CIM.

Given the space and power constraints in the city, it is unlikely there will be another one in the next 10 years, according to fifteenfortyseven.