Surely most of these massive, older telephone exchange buildings must be empty now, with a single rack of servers in the middle?
Newer switches are smaller than older ones, but line-equipment can only get so dense and still have room to work on it. Some multi-floor offices have entire floors sitting empty because a new switch was installed elsewhere in the building and then the old one decommissioned and removed. But there's still tons (literally, probably dozens of tons) of transport equipment, cross-connect, power and cooling, etc.