It’s in this time of both great demand and prolific expansion—but also amidst an increasing focus on sustainability in parts of the world—that we publish this third annual edition of Cushman & Wakefield’s Global Data Center Market Comparison.
Overall Rankings: The Top Ten
|01/ Northern Virginia||07/ Phoenix|
|02/ Silicon Valley* & Singapore*||08/ Sydney|
|04/ Atlanta* & Chicago*||09/ Dallas|
|06/ Hong Kong||10/ Portland* & Seattle*|
In the 2022 edition, we evaluate 1,333 data centers in 55 markets across the globe within 13 different categories to determine the Overall Top Ten as well as the top performers in each category. With near-universal growth expected across most markets in 2022, this report sheds light on potential locations for investing in, owning and operating data center facilities.
We scored each data center across 13 weighted categories; read in further detail about all 13 in the full version of the report.
Preview of three categories:
Markets that offer multiple cloud services have become increasingly important, as early adopters are now diversifying their workloads to create true hybrid IT strategy. Of the 55 markets profiled in this report, 28 now offer all three major cloud services, with considerable further expansion planned and land already acquired in several locations.
Well-established markets have access to all major cloud services, allowing for high performance and peering opportunities. There are also known operators in these markets, with corresponding experienced staff for hire and knowledgeable sales representatives to assist with filling buildings. Local governments understand the planning approval process and utilities are not surprised when operators inquire on large power requirements. The largest markets are thus positioned for continued growth, at least until the power grid is maxed out or political imperatives change.
Analysis of data center costs often focuses on the initial capital expenditure, which includes costs of planning, permitting, acquiring land, and the construction of the building and potentially substations and fiber extensions. These initial costs end up as a small fraction of the overall operating expenditure over the life of the building, as the consistent need for increasing power over several phases of expansion can lead to spiraling power needs. Power costs can tally well into nine figures over the life of the largest assets, providing an operational cost advantage to markets with cheaper power.