Item 2. Properties

Our executive offices are located in Redwood City, California, with sales offices in several cities throughout the U.S. Our Asia-Pacific headquarters office is located in Hong Kong and we also have sales offices in several cities throughout Asia-Pacific. Our EMEA headquarters office is located in Amsterdam, the Netherlands and our regional sales offices in EMEA are based in our IBX data centers in EMEA.

The following tables present the locations of our leased and owned IBX data centers and xScaleTM data centers investments as of December 31, 2020.

			AMERICAS
Metro						Leased (1)						Owned (1) (2)
Atlanta						●						●
Bogota												●
Boston						●						●
Calgary						●						●
Chicago						●						●
Culpeper												●
Dallas						●						●
Washington DC/Ashburn						●						●
Denver						●						●
Houston												●
Kamloops												●
Los Angeles						●						●
Mexico City												●
Miami						●						●
Monterrey						●
Montreal						●
New York						●						●
Ottawa												●
Philadelphia						●
Rio de Janeiro						●						●
Saint John												●
Sao Paulo						●						●
Seattle						●						●
Silicon Valley						●						●
Toronto						●						●
			Vancouver						●
			Winnipeg						●

			EMEA
Metro						Leased (1)						Owned (1) (2)
Abu Dhabi						●
Amsterdam						●						●
Barcelona						●
Dubai						●
Dublin						●						●
Dusseldorf												●
East Netherlands						●
Frankfurt						●						●
Geneva						●
Hamburg												●
Helsinki						●						●
Istanbul												●
Lisbon												●
London						●						●
Madrid						●
Manchester						●
Milan						●						●
Munich						●
Muscat												●
Paris						●						●
Seville						●
Sofia												●
Stockholm						●						●
Warsaw						●						●
Zurich						●						●

			Asia-Pacific
Metro						Leased (1)						Owned (1) (2)
Adelaide												●
Brisbane												●
Canberra												●
Hong Kong						●
Melbourne												●
Osaka						●
Perth												●
Seoul						●
Singapore						●
Shanghai						●						●
Sydney						●						●
Tokyo						●						●

(1)"●" denotes locations with one or more data centers.

(2)Owned sites include IBX data centers subject to long-term ground leases.

The following table presents an overview of our portfolio of IBX data centers as of December 31, 2020:

(1)Excludes three unconsolidated entities (two xScaleTM IBX data centers and the MC1 IBX data center)

(2)Cabinets represent a specific amount of space within an IBX data center. Customers can combine and use multiple adjacent cabinets within an IBX data center, depending on their space requirements.

(3)The cabinet utilization rate represents the percentage of cabinet space billed versus total cabinet capacity, taking into consideration power limitations.

(4)MRR per cabinet represents average monthly recurring revenue recognized divided by the average number of cabinets billing during the fourth quarter of the year. Americas MRR per cabinet excludes Brazil, Columbia and Infomart non-IBX tenant income and Asia-Pacific MRR per Cabinet excludes Bit-isle MIS.

The following table presents a summary of our significant IBX data center expansion projects under construction as of December 31, 2020:

(1)Capital expenditures are approximate and may change based on final construction details.