Cushman & Wakefield releases H1 2024 data center market update for Asia Pacific

Cushman & Wakefield has released its Asia Pacific Data Centre H1 2024 Update. The report shows the Asia Pacific data center market recorded 1.3 gigawatts of new supply in the first six months of the year, to reach a current operational capacity of 11.6 gigawatts. Malaysia, predominantly the market of Johor, saw the greatest increase in operational capacity, up 80 percent from second half 2023.

“Malaysia’s recent growth is the result of a culmination of factors, including spillover from Singapore, developer speed to market and the country’s ‘ready for service’ infrastructure. Cost is also a major factor. Malaysia’s central bank rate is competitive and this, combined with a relatively affordable cost of entry and government incentives for the sector, make it an appealing location for customers from hyperscalers through new entrants to the sector,” said Vivek Dahiya, head of Cushman & Wakefield’s data center advisory team in Asia Pacific.

The