Boosted by increased cloud activity, data center demand will continue to climb across the globe in 2019, with developers rushing to accommodate with expanding construction pipelines, reported JLL’s new Data Center Outlook report.
“Our industry’s growing global pipeline exemplifies increasing consumer demand around the world and the continued adoption of next-gen applications,” said Bo Bond, JLL’s managing director, in the new report. “Increased emphasis on convenience, security and overall flexibility to quickly adjust to consumers’ growing needs are driving a significant amount of the activity and, in part, elevating investor interest.”
As of year-end 2018, there are currently 549.7 megawatts under construction across global markets, with North America accounting for 265.7 megawatts of that figure. In Europe, the Middle East and Africa, pipeline activity picked up from the first half of the year, which has 165 megawatts under construction. Singapore leads the active Asia Pacific region with 44 megawatts under construction, with cloud providers anchoring demand. In the United States, Northern Virginia and Phoenix continued to see increased activity in their pipelines. In Northern Virginia, Digital Realty acquired approximately 450 acres of land in late 2018 and plans to deliver nearly 8.0 million square feet of space to the market. CyrusOne and Aligned Energy brought an influx of data center space to the Phoenix market, which now has 45 megawatts under construction.
To read the full report, click here.
