Singapore, Hong Kong rank among world’s top data center markets

Singapore and Hong Kong have re-confirmed their reputation as top data center markets globally in Cushman & Wakefield’s annual Global Data Centre Market Comparison report.

The annual report, now in its fourth year, ranks major data center markets around the world according to 13 weighted categories including market size, fiber connectivity, power cost and environmental risk to determine the top overall markets as well as the top performing markets in each category.

Northern Virginia, the largest data center market in the world and the top-ranked market for the past three years, this year shared the highest rank with Portland following surging prices for prime land and a county-wide pause on development due to power restrictions. Portland surged from 10th place in 2022 to achieve the joint top spot; Atlanta rounded out the top five markets.

Singapore and Hong Kong were the only metropolitan areas outside of the United States to make the