CBRE has issued its annual Global Data Centre Investor Survey. It examines how the sector is benefitting from greater investment, despite power constraints, supply chain delays, extended delivery timelines and high interest rates. Some of the key findings:
- Increasing Investment: Nearly all (97%) of survey respondents say they will increase their investment in data centres in 2024. 44% say they will allocate more than US$500 million for data centre investment, a significant increase from the 32% last year.
- Shift in Investment Focus Due to Market Dynamics: 80%of investors say they are interested in opportunistic new development in 2024. This includes ground-up development, re-purposing of existing assets, or redevelopment.
- Interest in Hyperscale Build to Suits: 31% of respondents said hyperscale build-to-suits are the greatest investment opportunity over the next 12 to 24 months. Tokyo, Singapore, Seoul and Sydney are driving investor demand in Asia Pacific.
Pacific Data Centres Capital Markets Director Darcy Frawley said:
“Insatiable demand from major occupiers for data centre consumption, especially in the Cloud and AI sectors, has driven the growth of the asset class. Occupiers are now competing aggressively to increase their data centre footprint to accommodate future business needs. Australia specifically is set to see a large gap between capacity and demand in the medium term, which will lead to significant rental growth and make the sector even more appealing for data centre investors.”
Related Articles
