New Japanese Data Center Will Expand Equinix's Asia-Pac Capacity by 10%

Equinix (EQIX) announced today that it is building its 3rd Tokyo Data Center, TY3, at a construction cost of approximately $880 per square foot. The new facility will expand the co-lo provider's global capacity by 960 cabinet equivalents. The company had 82,400 cabinet equivalents in its inventory as of the end of 2Q, with about 9,500 in the Asia-Pac region.