News: CBRE publishes Asia Pacific Data Centre Trends Research Report for H2 2022
Press Release -- This
report explores the latest Asia Pacific Data Centre supply, demand and
investment figures for 2022, and outlines key trends to watch for 2023.
State of the Market
- New supply in Asia Pacific Tier 1 data centre markets (Greater Tokyo, Sydney, Singapore and Hong Kong SAR) fell from 2021's record-breaking 399MW to 263MW in 2022.
- Regional data centre vacancy moderated further to 12.4% on the back of solid demand, while leasing demand remained robust and continued to be driven by upgrading demand and ongoing expansion by hyperscalers.
- CBRE expects 765MW of new data centre stock – representing around one-third of total planned capacity – to be delivered by 2025.
- Investment demand weakened in 2022 owing to the rapid increase in financing costs and growing fears of a recession. Asia Pacific direct data centre investment turnover fell to US$1.4 billion, the lowest annual total since 2019.
- CBRE has observed signs of improvement in the data centre investment market in recent months, with nearly US$1.7 billion of new data centre funds raised in Q1 2023.
- Investment demand will be focusing on greenfield development of prime assets, such as data centres with higher floor loading and/or sustainability certification.
To view the report, click here for our latest viewpoint on how digital transformation drives the demand for data centre market in Japan.
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