2023年全球数据中心市场比较2023 Global Data Center Market Comparison-英

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INTERACTIVEFEATURES

AND

REGIONAL

HIGHLIGHTS2/CUSHMAN&WAKEFIELDC

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SIntroduction04Methodology0506080910Top

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nMarketsAllMarketsTen

Marketsto

WatchHigh-Weight

CriteriaMarketSize12FiberConnectivityCloudAvailabilityMid-Weight

CriteriaIncentives14151819Taxes20222426282930323436PoliticalStabilityVacancyDevelopmentPipelineSustainabilitySmartCitiesLow-Weight

CriteriaPower

CostLandPriceEnvironmentalRiskCUSHMAN&WAKEFIELD/3I

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NTherushofpost-pandemicactivityinthedatacenterspaceseenthroughout2021continuedin2022,despiteheadwindsintheoverall

economyandresourcechallengesinsomeofthelargestmarketsworldwide.Hyperscaletenantscontinuedtheirrelentlessexpansionacrossregions,withspecificinteresttoward

secondaryandemergingmarkets.Colocationprovidersanddevelopershave

followedsuit,drivenby

higheravailabilityandlower

pricesforbothpower

andland.Thisyear,

hyperscalersmademajorannouncementsacrossSoutheastAsia,Australia,SouthAsia,Sub-SaharanAfricaandLatinAmerica.Whiletherehave

beenafew

casesofprojectsbeingpausedorcancelled,fearsofacompletehaltofexpansionplansinthewake

ofworldwideeconomicstresshave

beenlargelyunfounded.Secondarymarketsareanticipatedto

continuetheirgrowthinimportanceascertainprimarymarketshave

runintoto

runintoconstrictions,withpower

usageandsustainabilityscrutinizedmorecarefully.Theeconomictumultofinflation,combinedwithrisinginterestrates

andcontractioninthetechsectorhasaffectedtheentiredatacenterindustry.

Duringthefirsthalfoftheyear,

thespikeinenergypriceshadanoticeableimpactonthebalancesheetsofoperationaldatacenters,whiletheavailabilityofpower

andcomponentshadanslowingaffectonsomepipelineprojects.Insomemarkets,utilitycompaniesincreasedelectricitypricesinresponseto

energyavailability,andasaresultofsupplychainissuesandtheinstabilitybroughtaboutby

theRussia-Ukrainewar.

Sincethen,energypriceshave

leveleddueto

acombinationofsupplychainimprovementsandgovernmentaction.Currently,

inoursetofglobalmarkets,electricitypricesare

amedianof16%higherthantheywere

inQ42021,thoughwithsignificantvariationacrossmarkets.Establishedmarketshave

facedgrowingheadwindsdueto

governmentinterventionandconstraintsonavailablepower

andland.NorthernVirginia,thelargestdatacentermarketintheworld,encounteredanunprecedentedmulti-year

pauseforfuturedevelopmentinkey

submarkets,asutilitycompaniesattemptto

addressamassivedevelopmentpipeline.Inthiscase,thepopularityofanestablishedmarketeventuallyexceeded

itscurrentinfrastructurecapabilities.Combinedwithhighcompetitionforavailableparcelsandrecord-lowvacancies,operatorshave

increasinglylookedinperipheralsubmarketsacrossVirginiaandMarylandandrefocusedeffortsonothermarketsacrosstheUnitedStates.Elsewhere,therewas

significantprogressformarketsthathave

recentlyfacedchallenges.InSingapore,thegovernmentAsforecastedintheprevious2022GlobalDataCenterMarketComparison,largebuildsfromhyperscalecompanieshave

continuedrapidlythroughoutestablishedglobalmarkets.Hyperscalersare

alsosomeofthefirstmoversintoemergingmarkets,takingadvantageoftheirabilityto

execute

verticallyintegratedself-buildsaswellaskeypartnershipswithlocalgovernmentsandtelecomcompanies.Hyperscale

tenants

continued

their

relentlessexpansion

across

regions,

with

specific

interesttoward

secondary

and

emerging

markets.4/CUSHMAN&WAKEFIELDM

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GYliftedamoratoriumondatacenterdevelopment,announcingnew

protocolsto

ensuresustainabledevelopmentthatthemarket’senergygridcanaccommodate.Operatorscontinueto

workwiththelocalgovernmentsofthesemarketsandotherslikeFrankfurt,DublinandAmsterdam,wheretherehasbeenincreasingtensionabouttheenergydemandsandsustainabilityconcernsfromlocalgovernments.Inaddition,several

new

coolingtechnologiesandnovel

datacenterdesigns—suchasfloatingoraquaticfacilities—arecurrentlybeingtestedaroundtheworld.The2023GlobalDataCenterMarketComparisonreviews

thesamefactorsoutlinedintheprevioustwo

editions.We

scoredeachdatacenteracross13weightedcategoriesenablingustoassigneachmetropolitanareawithanoverall

marketscore.HIGH-WEIGHTMID-WEIGHTLOW-WEIGHTFiber

ConnectivityMarket

SizeIncentivesTaxesPower

CostLand

PriceThe2023GlobalDataCenterMarketComparisonreviews

allfactorsoutlinedinthepreviouseditionofthisreport,withfurthercommentaryonaregion-by-regionbasis.Aswithpreviouseditions,we

assessdatacentermarketsacrosstheglobe,within13differentcategories,to

determinethetopoverall

marketsalongwiththetopperformersineachcategory.

Withthisfourtheditionofthereport,we

hopetoprovidemembersofthedatacentercommunitywithabetterunderstandingofhow

theindustryisrapidlychangingandexpandingacrosstheglobe.Political

StabilityVacancyEnvironmental

RiskCloud

AvailabilityDevelopmentPipelineSustainabilitySmart

CitiesThisyear’seditionincludessomechangesandupdates.Thegoalofthissystem

isto

mirrorhow

datacentermarketstrulyfunctionandto

identifywhatfactorsdatacenterinvestors,owners,operatorsandoccupantsvalue.Eightnew

marketshave

beenincludedinthiseditionofourreportwithlocationsinSouthAsia,SoutheastAsia,SouthAmerica,NorthAmericaandtheMediterranean.32ResearchSources1,600+

63DataGlobalMarketsCentersCUSHMAN&WAKEFIELD/5OV

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NForthefirsttime,we

received

atieforfirstplace.NorthernVirginia,whichhadreceived

thetopspotinthethreepreviousversionsofourreport,now

sharesthehighestrankwiththePortlandmarket.Whileremainingthelargestmarketatover

2.5gigawatts(GW)

ofcapacityandvacancyatbelow1%,NorthernVirginiastillsaw

several

challengesthisyear.

Aspreviouslymentioned,datacenterdevelopmentinLoudounCountyhasbeenpausedthrough2025or2026dueto

limitationsontheabilityofthelocalutilityproviderto

distributesufficientpower.

This,combinedwithrocketingpricesforprimeland,hasdrivenoperatorsto

seekopportunitiesinsurroundingmarkets,includingGainesville,Bristol,Culpeper,

Manassasandeven

asfarasRichmond.Northern0108DallasVirginia*Portland*0304050910SingaporePhoenixSeattlePortlandrocketedfrom10thplaceto

sharingthetopoftheoverall

standingthisyear.

Thisisdueto

therapidexpansionofhyperscaleactivityintheHillsborosubmarket,aswellasrelativelyfavorable

pricing,sustainabilityoptions,lowenvironmentalriskandmoreavailableland.Pressreportsindicateamajornew

buildby

QTS

isbeingplannedonbehalfofMeta,withtheprospectivecampusreportedasrequiring250megawatts(MW)ofpower

atfullbuildout.Thecampuswouldbepowered

entirelyby

renewableenergyviaPortlandGeneralElectric,emphasizingthehydroelectricpower

availableforlargedeploymentsthroughoutPortlandandruralOregon.Furtherlarge-scaleconstructionremainsvery

muchindemand,withrumorsoffurthercloudserviceinterestalongwithpotentialrelocations.Portland’sriseisindicativeofanumberofsmallermarketsgrowingto

beofkey

interestforthedatacenterindustry.

Goingforward,expectothersecondarymarketsto

seesubstantialjumpsinrankings.HongKongAtlanta*Chicago*SiliconValley**RankingTieFor

the

first

time,

we

received

a

tie

for

first

place.6/CUSHMAN&WAKEFIELDFollowingPortlandare

SingaporeandHongKong.Bothrankhighdespitealackofavailabledevelopableland,withSingapore’snew

developmentparametersandHongKong’sgenerallyhighlandprices.However,

bothhave

strongecosystems,excellent

connectivity,consistentdemand,andallmajorcloudservicesavailableandexpandingwherepossible.HongKong

hascontinueditsrisefromthesixthspotinlastyear’slisting,asoperatorsremainundauntedbylandlimitationsandpricing.SingaporeremainsapremieremarketintheAPAC

region.Portland

rocketed

from

10th

placeto

sharing

the

top

of

the

overallstanding

this

year.Atlanta,ChicagoandSiliconValley

are

tiedforfifthinour2023ranking.AtlantaandChicagooffersizableincentives,lower

costsoflandrelativeto

marketsize,plentyofdevelopmentinthepipelineandlower

power

coststhanmostlargedatacentermarkets.Meanwhile,SiliconValleyhasbeenalongstandingmarketwithhigherlandcosts,butproximityto

thehighconcentrationoftechsectorplayerscontinuesto

maintaindemandaroundtheBay

Area.Roundingoutthetop10marketsare

dependablestalwartsDallas,PhoenixandSeattle—allwithsolidperformancemetricsthatare

triedandtrue,yet

thatstillretainanumberofoptionsforexpansionandnew

entrants.CUSHMAN&WAKEFIELD/7A

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S*Newmarketin2023reportAmsterdamAtlantaDallasJohor*MunichNairobiNashvilleSantiagoSaoPauloSeattleNorthernVirginiaKualaLumpurLagosAustin*DelhiBangkok*SiliconValleyBeijingLasVegasLondonNYC-NorthernNJSeoulDenverShanghaiSingaporeStockholmSydneyDublinOsakaLosAngelesMadridFrankfurtHoChiMinh*HongKongHyderabad*Istanbul*JakartaOsloBengaluruBerlinParisManila*PhoenixPortlandQueretaroReykjavikSaltLake

CityBogota*BostonMarseilleMelbourneMilanTokyoTorontoVancouverWarsawZurichChennaiChicagoColumbusMontrealMumbaiJohannesburg8/CUSHMAN&WAKEFIELDT

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H01We’re

following

several

markets

closelyfor

future

inclusion

in

the

MarketComparison.AbuDhabiCopenhagenVienna020304050607080910DatacentersinMiddleEasternmarketsare

ofgrowinginterest,astheyare

nearmajortechnologyandgovernmenthubs,suchasTel

Aviv

andAbuDhabi.Thereare

stillmarketsofinterestintheNordics,withCopenhagenandHelsinkisittingatkey

pointsalongtheBalticSea.ViennaandPragueremainkey

andstablepointsofaccessto

CentralandEasternEurope.Anumberofsmallercoastalcities,suchasCapeTown,PatagoniaorAuckland,whichremainofinterestasconnectivityplays.HelsinkiPragueTel

AvivPatagoniaCapeTownAucklandCasablancaCUSHMAN&WAKEFIELD/9H

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EAnexistingmajormarkethasamultitudeofadvantagesthatappealto

clientsandoperatorsalike;themostwell-establishedmarketshaveaccessto

allmajorcloudservices,allowingforhighperformanceandpeeringopportunities.Thereare

knownoperatorsinthesemarkets,withcorrespondingexperiencedtalentforhireandknowledgeablesalesrepresentativestoassistwithfillingbuildings.Localgovernmentsunderstandtheplanningapproval

process,andutilitiesare

notsurprisedwhenoperatorsinquireaboutlargepower

requirements.Thelargestmarketsare

thusableto

grow

throughthismomentum,atleastuntilallpotentialsitesfordevelopmentdisappear,

thepower

grideventuallycannotmaintaingrowth,orpoliticalimperativeschange.AMERICAS:

Asmanyprimarymarketsgrow

andsecondarymarketsmove

toward

primarylevel,NorthernVirginiaremainsthelargestmarketgloballyby

far,

withjustunder2.5GW

currentlyoperational.TheremainderofthetopAmericasmarketsare

familiarto

datacenterveterans:SiliconValley,

DallasandChicago.LargestMarketsNorthernVirginiaBeijingLondonAPAC:

WithmoreaccuratedataonthesizeandscopeofdatacenterdeploymentsinmainlandChina,BeijingandShanghaihave

bothrisennotablyintherankings.Singapore,Tokyo

andSydney

continueto

betheotherlargestdatacenterclustersintheregion.In2022,Singaporelifteditsdevelopmentmoratoriumthathalteddevelopmentandputnew

guidelinesfordevelopmentinplacethatpromoteresponsibledevelopment,energyusageandsustainablepractices.SingaporeTokyoFrankfurtShanghaiSydneyForhyperscalecloudservices,largemarketsappealfirstasanopportunityto

createnewbusinessandthento

expandthereafteronceusagehasbecomecommonplace.Severalserviceswillleaseorbuildamajordatacenteraftersigninganinitialanchortenant,intheexpectationthatsurroundingenterprisesorgovernmentorganizationsthatconductbusinesswiththeinitialtenantwilllaterjoinontheplatform.Afterafirsthyperscalerenters,othersfollowto

competeformarketshare,swellingthesizeofthecapacityin-marketandleadingto

furtherconstruction,withmid-scalecloudservicesmovinginthereafter.DallasEMEA:

LondonandFrankfurtcontinuetheirrolesasthelargestdatacentermarketsinEurope.Lastyear,

we

notedconcernsontheavailabilityofpower

forfuturedevelopmentsinFrankfurt.Therehasbeenapparentprogressonthisfront,asFrankfurt’slocalgovernmentdesignatedaseriesofspecificzonesfordatacenterdevelopment.Thissolutionismoreidealthanacompletehaltto

new

projectsthatothermarketshave

establishedandshouldhopefullyensuresufficientpower

goingforward.SiliconValley12/CUSHMAN&WAKEFIELDHIGH-WEIGHTTotal

Power

(MW)AmericasAPACEMEA300025002000150010005000Source:

Cushman

&

Wakefield

ResearchCUSHMAN&WAKEFIELD/13F

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YHIGH-WEIGHTFiberdensityandqualityare

primarydriversforlocatingadatacenter,

withfiberservingto

connectthefacilityto

othersandto

theenduser.

Morenetworksare

always

better,withthediversityoffiberleadingto

lowerlatencyandhigherperformance,even

ifcertainnetworksconnectedto

aparticulardatacentermay

have

bandwidthissues.Bandwidthisanincreasingdiscussionpointtotheedge,consideringthemove

over

thepasttwo

yearsto

awork-from-homeenvironmentandthecorrespondinglyconstantusageofvideoconferencingplatformsformeetingsthatwere

onceinperson.Fibernetworksareconstructedinanarray

offormats,withshort-haulfiberlinkingametropolitanareaorlong-haulfiberconnectingmultipleregionsandcountries.Underseacablesaddto

themix,directlyconnectinglandingpointsincountriesTo

pMarketsSantiagoBeijingacrossseasoroceansto

transmitinformation.Likelastyear,

we

utilizetheOoklaSpeedtestGlobalIndexforbroadbandspeedsasanindicatorforfiberconnectivityandspeed.NorthernVirginiaResultsoftheSpeedtestGlobalIndexanalysisshowthatSantiago,ChilehassurpassedSingaporeforthetopspotDenverShanghaiSingaporeBangkok*HongKongAtlantaLasVegasLosAngelesNashvilleglobally.

Additionally,BeijingandShanghaisubstantiallyroseinrankings,asChinahascontinuedfiberinfrastructureimprovements.Singaporecontinuesto

beastrongperformer,withthebusiness-friendlycity-statelongknownasaconnectivitypointacrossSoutheastAsia.New

entrantBangkokfollows,proving,likeSantiagodidlastyear,

thatlowlatencyandhighconnectivitycanbepresent.New

York/NorthernNew

JerseyAustin*PortlandSeattleSiliconValleyBostonSantiago,

Chile

has

surpassed

Singapore

for

the

top

spotglobally.

Additionally,

Beijing

and

Shanghai

substantiallyrose

in

rankings.NashvilleChicagoSaltLakeCityColumbusDallasPhoenix*Newmarketin2023report14/CUSHMAN&WAKEFIELDC

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YHIGH-WEIGHTTrends

thatbeganpre-pandemicandlaunched

ourmethodologyisto

includethepresenceTo

pMarketsfullyduringthepandemichave

continuedmovingforward;innearlyanymarketaroundtheworldhyperscalecloudservicesrepresent70-80%ofallleasinginanygivenquarterastheall-outbattleformarketsharecontinues.Thethreelargestby

marketsize(Amazonofcloudproviders’edgelocationsinamarket.Theseedgelocationsprovidedirectaccessto

asecurebackboneconnectedtolargeravailabilityzonesandcachesitesthatthecloudprovidermaintainsintheregion,reducinglatencyandopeningaccessto

high(Allthreeservices)TorontoMontrealPortlandSeattleNorthernVirginiaChicagoDallasLosAngelesSiliconValleySaoPauloLondonAmsterdamFrankfurtParisZurichMadridMilanMelbourneWarsawSeoulWeb

Services,MicrosoftAzure,GoogleCloud)

performanceformoreusers.continueto

innovate

apace,addinganarray

ofOfthe63

marketsprofiledinthisreport,34now

offerallthreemajorcloudservices,allofwhichhave

considerablefutureservicesattheedgeto

joinwithcore

hosting,storageanddatabaseoptions,entrenchingusageinsidethelargestenterprisesandgovernmentorganizations.Asfurtherentitieschooseto

move

moreoftheirworkloadstothepubliccloudforscalabilityandeaseofaccess,avarietyofmarketswillbenefitasthehyperscalersworkto

bringclientsonline.expansionplannedandlandacquiredinexpectationoffurthergrowth.New

entrantHyderabadalreadyhastwo

cloudservicespresent,providinganalternativeto

MumbaiasatopIndianmarketwithcloudaccess.Berlin,Dublin,KualaLumpur,

SantiagoandJohannesburgallroseto

have

someformofpresencefromallthreecloudproviders.OsakaAtlantaJakartaBerlinOfcontinuedincreaseinimportancearemarketsthatoffermultiplecloudservices,asearlyadoptersare

now

diversifyingtheirworkloadsto

createtruehybridIT.

Thiswilloftenincludemultiplepubliccloudinstancesforvaryinguses,alongwithsomeuseofprivatecloudinacolocationenvironmentforothers.Marketsthatofferservicessuchaspeeringopportunitiesandplentyofon-rampswillgainbusinessfromthesemoresophisticatedorganizations,especiallythosethatlookto

accessawidearray

ofoptionsandseekto

utilizefurtherspecializedapplicationsinthefuture.Oneadjustmentwe’ve

madetoOf

the

63

markets

profiled

inthis

report,

34

are

now

eitherhome

to

availability

zones

oredge

locations

for

all

threemajor

cloud

servicesDublinSingaporeTokyoHongKongSydneyKualaLumpurSantiagoJohannesburgAustin*Mumbai*Newmarketin2023reportCUSHMAN&WAKEFIELD/15C

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YHyperscaleCloudRevenue

($BForecast)$800$728.0$700$600$500$400$587.3$436.5$322.5$300$200$100$0$236.9$173.32022$125.92021$91.0202020232024202520262027Source:

Structure

Research16/CUSHMAN&WAKEFIELDHIGH-WEIGHTHyperscaleCloudRevenue

by

Region($B)$170.6BTotal$2.7BCanada$10.9BUnitedKingdom$16.6BRest

ofEurope$19.5BChina$7.4BEastAsia$5.6B$1.1BMiddleEast/Africa$87.6BUnitedStatesIndia$13.0BSouthEastAsia$2.8BLatinAmerica$3.4BAustralia/New

ZealandSource:

Structure

ResearchCUSHMAN&WAKEFIELD/17M

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SMID-WEIGHTAstrongpackageofdatacenterincentivessignalsthatnotonlyisalocalareaamenableto

supportingthedatacenterindustry,

butthatthereare

likelyexistingrelationshipswithlocalutilitiesandcommunitiesto

allowforsuchdevelopmentto

continueatlargescale.Incentivescomeinmanyforms,thoughmainlyinvolve

taxrelieffrompropertytaxes,valueaddedorsalestaxes,discountedpowerwithusageofrenewables,andotherfinancialsupportfromtypicalrates

chargedforsmaller-scalepurchases.Asthelargestdatacentercampusescostninefiguresandbeyond

overtime,thistaxsupportenablesareasto

beconsideredfordevelopmentmorequicklywithlong-termexpansionsplannedwellinadvance.Beyond

theUnitedStates,To

pMarketsOfferingIncentivesAPAC:

WithconsiderabledatacentergrowthplannedacrossIndia,Tamil

Nadu(Chennai)andTelangana

(Hyderabad)have

bothestablisheddatacenterpolicieswithstrongincentivestructures.Additionally,moreemergentmarketsintheregionhave

startedto

considerpotentialincentivestructures,withanumberusingfreeenterprisezonepoliciesalongwithadditionaltaxrelief.ReykjavikSeattleMumbaiAustin*DallasSaltLakeCityNorthernVirginiaEMEA:

Tax

incentivescanalsobefoundincertainNordicmarkets,withReykjavik,Oslo,andStockholmallofferingpackagesthatlower

taxesorprovideincentivesforusingrenewables.InFrance,bothParisandMarseillealsoofferbenefitsforthosewhoacquirerenewableenergyfortheirprojects.StockholmOsloAtlantaKualaColumbusChennaiAMERICAS:

Whileindividualpackagesbasedonthesizeofaprojectare

foundinmanycountries,explicitstate-levelsupportisfoundmostoftenintheUnitedStates,where30of50statesnow

providesomeformofbenefit.Localcounty-orcity-levelareaswilloftenprovidetheirown

incentivepackagestocreatecompellingscenariosfordevelopersdeterminingwhereto

build.Thisyear,

weincorporatedadditionalmarket-levelincentivesfordatacenterdevelopmentintoourmodelbeyond

purelystate-levelincentivestructures.LumpurParisLasVegasPhoenixMarseilleChicagoNashvilleHyderabad**Newmarketin2023reportCUSHMAN&WAKEFIELD/19TA

X

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SWhileincentivepackagesto

relieve

overall

taxburdenonaprojectare

attractorsfordatacenterdevelopment,new

phasesorsmallerPortlandisarapidlygrowingdatacentermarketonthewest

coastoftheUnitedStates,withdensefiberandsitesavailableintheTo

pMarketsbuildsmay

notqualifyforminimumthresholds

local-marketclusterinthesuburbanHillsboro.to

achievethisrelief.

TheseprojectsHongKongPortlandOtherlargemarketshave

continuedto

enjoyrequirethepurchaseofthesamematerialslower

taxation,includingtheworld’slargest(generators,coolingsystems,servers,racksinNorthernVirginia,withSingaporeandtheandmore)

butmay

have

to

pay

fullsalesorNorthernVirginiaJohor*datacenterclusterinNorthernNew

Jerseyvalue-addedtaxesonthecostsofallgoodsalsoofferinglower

taxesthanmanyprimarypurchased.Asalestaxisapaymentto

alocaldatacenterlocations.ornationalgovernmentforthetotalofgoodssold,whileavalue-addedtaxispaidby

theultimateuserattheendofthevaluechain.inroadsintothetop10.

Johor,

asaBothcanrapidlyaddupasmaterialsareKualaLumpurAustin*Several

new

marketshave

madesubstantialdevelopment-friendlyemergentmarketwithproximityto

SingaporeandKualaLumpur,broke

intothefifthspotonthisyear’slist.purchasedover

thecostofaproject.BostonAsnotedinpreviouseditionsofthisreport,Austin,anotherlow

taxsecondarymarketintwo

marketscovered

have

neitheroftheseSeattletheUnitedStates,beatoutBostonforthetaxes:HongKong

andPortland.HongKongseventhspotinthisyear’slist.Lastly,

newisaglobalfinancialandbusinesscapital,withNew

York

City/NorthernNew

JerseymarketentrantBangkokemergedontothealonghistoryofpro-businesspoliciesandthislistatthetenthspotanaccordinglyrobustdatacentersector.Bangkok*Several

new

markets

have

made

substantial

inroads

intothe

top

10

in

this

category:

Johor,

Austin

and

Bangkok.*Newmarketin2023report20/CUSHMAN&WAKEFIELDMID-WEIGHTSalesTax/VAT

PercentageAmericasAPACEMEA20%18%16%14%12%10%8%6%4%2%0%*

While

in

general

India

has

a

18%

Goods

&

Services

Tax

(GST),

International

invoices

being

raised

in

India

attract

0%

GST.Also,

local

clients

get

Input

Tax

Credits

which

reduces

the

taxes

significantly.Source:

Cushman

&

Wakefield

Research,

multiple

sourcesCUSHMAN&WAKEFIELD/21P

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YBusinessworksbestinastable,highlyfunctionalenvironmentandthesameholdstrueforthedatacenterindustry.

Asdatacentersareconsideredmissioncriticalto

keepapplications,networks,andthusentirecompaniesoperatingattheirhighestefficiency,thegreaterpoliticalsituationofthedatacenterlocationfactorsintoanydecisionmaking.Asanestablishedproxy

forstability,

theWorld

GovernanceIndicatorscreatedby

theWorld

Bankhave

beenconsideredforeachmarketreviewed.

Theindicatorsincludesix

distinct

dimensions

ofstability:135Voice

and

Accountability

includestheabilityofacountry’spopulationto

selecttheirgovernment,alongwithfreedomofexpression,freedomofassociation,andfreemedia.Fromadatacenterperspective,agovernmentthatallowsitspopulationto

communicatefreelymeansasaferdataenvironmentfreefrominterferenceviacensorshiporoutrighttheft.Government

Ef