Matt Day

I mean, one is when they set up shop in a new market, sometimes they're not confident enough in the ramp of demand that they want some options, right?

Go rent some space.

Sometimes it's a speed to market thing.

You can expand faster in Singapore by renting space than you can by developing or purchasing land and developing it yourself.

So it's really a way for them to get flexibility, particularly internationally, which is where we understand most of their colos are.