Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - DIGITAL REALTY TRUST, INC. | d688076d8k.htm |
 44
Impact of Yahoo! Sub-Lease Space on Northern Virginia
Note:
As of December 31, 2013.
1)
Annualized Base Rent (ABR) represents the monthly contractual base rent (defined as
cash base rent before abatements) under existing leases as of December 31, 2013
multiplied by 12.
2)
Forecasts
are
based
on
current
estimates
of
expected
rental
rate
changes
and
actual
results
may
differ
from
current
estimates.
Exhibit 99.1
Northern
Virginia
is
our
second
largest
market
at
approximately
10%
of
ABR
(1)
Our in-service portfolio in Northern Virginia is 98.7% leased
We currently have less than 1 MW of inventory available at the
recently-completed Building G project on our Ashburn campus
We have $16 million, or 1.5% of ABR,
(1)
expiring in N. Virginia in 2014
The bulk is related to a 2008 lease with a financial services tenant at peak
rent Cash rents on 2014 lease expirations in N. Virginia are expected
to roll down 15%-20%
(2)
Across our total portfolio, rents on 2014 expirations are expected to roll
down 0%-5% on a cash basis and increase 5%-10% on a GAAP basis
(2)
We have $33 million (3% of ABR
(1)
) expiring in N. Virginia from 2015-2019
In-place
cash
rents
on
2015-2019
N.
Virginia
expirations
are
0%-5%
above
market
(2)
We currently have 2.4 MW under construction at Building K in Ashburn
These two pods are expected to be delivered in September 2014 with additional pods
to be developed based on demand
Yahoo! is our 18
th
largest tenant at 1% of total revenue
Yahoo! occupies space in Santa Clara with over 3.5 years of remaining lease
term All Internet Enterprise tenants combined (i.e., Amazon, Facebook,
Google, Microsoft, Salesforce and Yahoo!) represent 6% of ABR
(1) |