Hong Kong moves to 4th-Placed Ranking in Global Data Center Market Comparison Posted on February 9, 2023 News By Akta Yadav 301 Views Hong Kong:- Hong Kong has resettled its position as a top data center market internationally in Cushman & Wakefield's state-of-the-art Global Data Centre Market Appraisal report. The yearly report, now in its fourth year grades major data center markets round the world as per 13 weighted groups, including fiber connectivity, market size, power cost & environmental risk, to decide the top general markets and the top performing marketplaces in each group. Hong Kong soared to fourth in the general rankings in the new report, scoring extremely across groups; with consistent demand, sturdy connectivity, accessibility of cloud services & a business-friendly tax construction offsetting high land values. Hong Kong moved up from sixth general in the 2022 worldwide rankings. "Hong Kong is one of Asia's foremost and still-rising tactical locations for data centers, revealed in its move up in the general global rankings to Hong Kong Fourth place in the 2023 report. Cushman & Wakefield Hong Kong lately recommended a pan-Asia data center operative BDx to pre-lease the majority part of a brand new building at No. 38, Wing Kei Road, Kwai Chung, as their third data center place in Hong Kong. This deal further validates the worldwide demand & market confidence in Hong Kong's data center marketplace by multinational players. We anticipate the data center segment would continue to raise as the city continues to develop and grow its innovation & technology industry in the coming years"- John Siu, MD, Hong Kong at Cushman & Wakefield, said. Hong Kong & Singapore were the two cities outside of the United States toward make the top 10 general rankings. Singapore graded third place inside the top markets internationally in all three high-weight groups: fiber connectivity market size, and cloud availability. Its robust performance across groupings including its lower vacancy rate, low ecological risk, and its status as a smart city aided reinforce its rank regardless of its recently-lifted two-year pause which restricted new stock. In the Northern Virginia, United States, the biggest data center marketplace in the world & the top-ranked marketplace for the previous three years, this year shared the utmost rank with Portland following surging values for prime land & a county-wide pause on growth because of power limits in Northern Virginia. Portland rushed from 10th place in the 2022 report to attain the joint top spot. Atlanta rounded the top five marketplaces. Inside Asia Pacific, Singapore & Hong Kong were graded first and second, with Sydney & Seoul tying for third position. Tokyo rounded the topmost five markets. With more precise data on the size & scope of data center placements in mainland China, Beijing & Shanghai have both risen particularly in the market size positions. In the general rankings for Asia Pacific, the report ranks Beijing as the sixth-placed market & Shanghai as the eighth-placed market. Hong Kong Singapore features 47 data centers, 23 operators, and 876 megawatts in operation, as per the agency’s data. Ranking high in terms of fiber connectivity market size, and cloud availability, the city-state got its top position in Asia Pacific regardless of a three-year growth moratorium that was in place till January of last year.
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Hong Kong soared to fourth in the general rankings in the new report, scoring extremely across groups; with consistent demand, sturdy connectivity, accessibility of cloud services & a business-friendly tax construction offsetting high land values. Hong Kong moved up from sixth general in the 2022 worldwide rankings.
"Hong Kong is one of Asia's foremost and still-rising tactical locations for data centers, revealed in its move up in the general global rankings to Hong Kong Fourth place in the 2023 report. Cushman & Wakefield Hong Kong lately recommended a pan-Asia data center operative BDx to pre-lease the majority part of a brand new building at No. 38, Wing Kei Road, Kwai Chung, as their third data center place in Hong Kong. This deal further validates the worldwide demand & market confidence in Hong Kong's data center marketplace by multinational players. We anticipate the data center segment would continue to raise as the city continues to develop and grow its innovation & technology industry in the coming years"- John Siu, MD, Hong Kong at Cushman & Wakefield, said.
Hong Kong & Singapore were the two cities outside of the United States toward make the top 10 general rankings. Singapore graded third place inside the top markets internationally in all three high-weight groups: fiber connectivity market size, and cloud availability. Its robust performance across groupings including its lower vacancy rate, low ecological risk, and its status as a smart city aided reinforce its rank regardless of its recently-lifted two-year pause which restricted new stock.
In the Northern Virginia, United States, the biggest data center marketplace in the world & the top-ranked marketplace for the previous three years, this year shared the utmost rank with Portland following surging values for prime land & a county-wide pause on growth because of power limits in Northern Virginia. Portland rushed from 10th place in the 2022 report to attain the joint top spot. Atlanta rounded the top five marketplaces.
Inside Asia Pacific, Singapore & Hong Kong were graded first and second, with Sydney & Seoul tying for third position. Tokyo rounded the topmost five markets.
With more precise data on the size & scope of data center placements in mainland China, Beijing & Shanghai have both risen particularly in the market size positions.
In the general rankings for Asia Pacific, the report ranks Beijing as the sixth-placed market & Shanghai as the eighth-placed market.
Hong Kong
Singapore features 47 data centers, 23 operators, and 876 megawatts in operation, as per the agency’s data. Ranking high in terms of fiber connectivity market size, and cloud availability, the city-state got its top position in Asia Pacific regardless of a three-year growth moratorium that was in place till January of last year.
