CONTACT US
Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com to read:%0A%0A {0} %0A%0A {1}

Data Centers in Greater China — Three Points to Process in 2024

Mandy Qian • 29/02/2024
Cushman & Wakefield today released its Data Centers in Greater China — Three Points to Process in 2024 report.
 
As investors, developers and operators continue to involve themselves in the data center market in the region, there are many themes, topics, and issues to consider. In this report we look at three key points and they are:
 
  • The market
  • Government policy 
  • Asset management
 
Strong Data Center Development Impetus
 
When considering the overall data center market in Greater China, the major city markets can be subdivided into four groups:
 
  • Powerhouse markets — such as Beijing and Shanghai
  • Established markets — such as Hong Kong
  • Developing markets — such as Guangzhou
  • Emerging markets — such as Taipei 
 
Greater China Data Center Market Key Indicators 
 
Looking specifically at the Greater China market, according to the China Academy of Information and Communications Technology (CAICT), the Chinese mainland's data center market volume exceeded RMB150 billion in 2021 and is expected to reach RMB243 billion by the end of 2023. 
 
Meanwhile, the Beijing-Tianjin-Hebei region, the Yangtze River Delta region and Greater Bay Area continue to maintain strong data center construction impetus, both in terms of the number of new cabinets and aggregate inventory.
 
Policy Support: The Action Plan for Quality Development of Computational Power Infrastructure for the Chinese Mainland
 
In October 2023, six government departments in the Chinese mainland, including the Ministry of Industry and Information Technology, the Office of the Central Cyberspace Affairs Commission Cyberspace Administration of China, the Ministry of Education of the People’s Republic of China, the National Health Commission of People’s Republic of China, the People’s Bank of China, and the State-owned Assets Supervision and Administration Commission of the State Council, issued The Action Plan for Quality Development of Computational Power Infrastructure (including data center infrastructure) (hereinafter referred to as “The Action Plan”).
 
The basic principles and goals of the plan through to 2025 are ensuring:
 
  • A computational power infrastructure layout that is optimized
  • A computational power network that is sustainable, safe and reliable
 
Optimal Asset Management Has Become a Focal Point for the Data Center Industry
 
In Greater China, having a good understanding of the market and of the latest government policies is certainly key to success in terms of data center investment, development and operation. Recently, however, there is a third aspect to which investors and operators of data center in the country are paying close attention to further ensure business success and that is optimal asset management.
 
The optimal asset management of data centers involves a number of aspects, including cost savings, performance improvement, consolidation and best practice encouragement.
 
Shaun Brodie, Head of Research Content, Greater China, Cushman & Wakefield said, “In any market, quality data center infrastructure is an important resource to support the development of its digital economy. With data center capacity now standing at 4,818 MW, Greater China has already established itself as one of the most important data center markets globally. Ahead, we anticipate 1,216 MW of data center capacity to be built in Greater China, with further planned capacity estimated to be 2,054 MW. This quality data center infrastructure plays and will continue to play an important role in realizing digital transformation, fostering future industries, and creating new momentum for economic development in Greater China.”   
 
Please click here to download the full report.
 
About Cushman & Wakefield
Cushman & Wakefield is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In Greater China, a network of 23 offices serves local markets across the region. In 2023, the firm reported revenue of $9.5 billion across its core services of valuation, consulting, project & development services, capital markets, project & occupier services, industrial & logistics, retail and others. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.

RELATED NEWS

Asia Pacific Office Fit Out Cost Guide 2024
Office Fit Out Costs Continue to Rise Across Asia Pacific, Albeit at a Much Slower Rate

Average office fit out costs across Asia Pacific continue to rise in 2024, albeit at a much slower rate as compared to a year ago, according to Cushman & Wakefield’s Asia Pacific Office Fit Out Cost Guide 2024. While inflation has started to ease in some markets, concerns about the interest rate environment, supply chain issues and geo-political tensions remain prevalent although there is hope for an economic rebound in the second half of 2024
 

Mandy Qian • 30/05/2024

China Social Value Report 2024
Social Value — Bringing Worth to Commercial Real Estate in Greater China

The S in ESG relates to social, and it refers to an organization's ability to satisfy the needs of its stakeholders, and ensuring that social justice, equity, and fundamental human rights are sustained. When considering commercial real estate, social value is when value is produced when commercial buildings and places improve the quality of life of people.
 

Mandy Qian • 22/04/2024

Standard Chartered Bank Appointment 2024
Cushman & Wakefield Appointed by Standard Chartered Bank to Deliver Property Services Across Asia and Global Asset and Transaction Management

Cushman & Wakefield has been appointed by Standard Chartered Bank (the Bank) to provide services to support its Asia workplace transformation, and Global Asset and Transaction Management for the Bank’s 11 million sq ft global real estate portfolio.
 

Mandy Qian • 18/04/2024

China Battery Energy Storage System Report 2024
The China Battery Energy Storage System (BESS) Market — New Energy for a New Era

A Battery Energy Storage System (BESS) secures electrical energy from renewable and non-renewable sources and collects and saves it in rechargeable batteries for use at a later date. This report explores how China's renewable energy push over the last few years has stirred the country's domestic energy storage market.
 

Mandy Qian • 11/04/2024

Hong Kong Office Retail Residential Market Report Q1 2024
Hong Kong Government’s Removal of All Property Cooling Measures Supported Residential Sales Rebound and Price Recovery in March

Following the Hong Kong Government's lifting of all demand-side management measures for residential properties, the market responded positively, with primary and secondary residential transactions strengthening and home prices picking up from March onwards. Office sector overall net absorption in Q1 remained positive. Visitor spending continued to support a recovery in the retail market.
 

Rosanna Tang • 10/04/2024

China Top Office Supply and Demand Trends Report 2024
New Completions to Continue to Feature in 2024 — Greater China Top Office Supply Demand Trends

Total Grade A office inventory in the core markets of the 21 major Greater China cities tracked in the Greater China Top Office Supply Demand Trends report totaled 68.2 million sq m at the end of Q4 2023. Total premium core city office net absorption across the Greater China market for the whole year was 1.6 million sq m, an increase on the figure registered in 2022.
 

Mandy Qian • 28/03/2024

MSCI RCA Data Ranking China Full Year 2023
Cushman & Wakefield Ranked No. 1 Real Estate Investment Brokerage Firm in Mainland China for 2023 by MSCI

MSCI have ranked Cushman & Wakefield as the No. 1 real estate investment brokerage firm in mainland China in their Global Broker Rankings 2023 report. According to MSCI, Cushman & Wakefield represented 49% of all-sector real asset investment brokerage transactions in mainland China in 2023. In addition, the firm represented 75% and 72% of investment brokerage transactions for office and retail properties in mainland China, respectively.
 

Mandy Qian • 12/03/2024

China Data Centers Report 2024
Data Centers in Greater China — Three Points to Process in 2024

As investors, developers and operators continue to involve themselves in the data center market in the region, there are many themes, topics, and issues to consider. This report looks at three key points to consider for the overall data center market in Greater China: the market, government policy, and asset management.
 

Mandy Qian • 29/02/2024

Hong Kong GBA Market Report Year End 2023
Investment Sentiment in Greater Bay Area Picked Up in 2H 2023 as Housing Control Measures Gradually Relaxed

Although the GBA’s residential and investment markets were yet to see a significant rebound following China’s full border reopening, housing market sentiment stabilized in 2H 2023 as China’s central and local governments gradually relaxed residential market control measures. The CRE investment market (large-sized deals at >RMB 100 million) also saw mainland capital and state-owned enterprises more active in reviewing their strategies and seeking investment opportunities.
 

Rosanna Tang • 18/01/2024

With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
MORE OPTIONS
AGREE AND CLOSE
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All
SAVE SETTINGS