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Hindustan Times
4 days ago
- Business
- Hindustan Times
Mumbai ranks 6th globally in under-construction data centre capacity, surpassing London and Dublin: Report
Mumbai has secured the 6th spot among 97 global cities in terms of under-construction data centre capacity, overtaking major hubs like London and Dublin, according to a report by Cushman & Wakefield. The report also highlights Pune and Bengaluru, which rank 4th and 5th respectively among Asia-Pacific's emerging data centre hubs. Apart from its global ranking, Mumbai ranks as the 7th established data center market in the Asia Pacific region. At the end of 2024 the city had 335 MW of data center capacity under construction, which, once completed, will expand its operational capacity by 62%. The report covers 97 global markets, highlights power access, land availability, and infrastructure as key factors shaping data center development. Virginia is in first position with 1,834 MW data centre capacity under construction, followed by Atlanta (1,078 MW), Columbus (546 MW), Dallas (500 MW) and Phoenix (478 MW). "At the end of 2024, the city had 335 MW of data centre capacity under construction, which, once completed, will expand its operational capacity by 62 per cent," real estate consultant Cushman & Wakefield (C&W) said. Austin/San Antonio ranks 7th (325MW), Reno 8th (305MW), London 9th (265MW) and Dublin (249 MW), according to C&W's latest 'Global Data Center Market Comparison' report 2025. Mumbai accounts for 42% of India's projected under construction capacity underscoring its growing prominence as a regional data center hub. The data centre growth is further supported by digital infrastructure upgrades in the city. According to the Cushman & Wakefield India Outlook Report, 2025 may witness the completion of three crucial undersea data cable projects landing in Mumbai. Ranked 4th among APAC's top emerging data center markets in Cushman & Wakefield's Global Data Center Market Comparison 2025, Pune is rapidly becoming a preferred destination for hyperscalers and enterprise-grade colocation facilities. As of Q1 2025, Pune's operational data center stock stands at 112 IT MW Global Data Center markets are seeing surging demand due to relentless growth and expansion of cloud computing and Artificial Intelligence workloads according to the latest report by Cushman & Wakefield, Global Data Center Market Comparison 2025. The data center industry experienced significant growth in 2024, Asia Pacific cities continue to demonstrate strong growth momentum, 10 of the world's 30 largest data center markets are now in the Asia Pacific region. The report highlights that Asia Pacific ended 2024 with 1.6 GW of new capacity coming online, bringing the region's total operational data center capacity to 12.2 GW. The development pipeline remains strong, with an additional 14.4 GW of capacity currently under construction or planned. 'India's data center landscape is undergoing a strategic shift. Mumbai has firmly positioned itself among the top global markets, while Pune is emerging as a key data center hub in the APAC region. India's data center sector has attracted prominent international operators and investors, even as domestic players continue to expand capacity,' said Gautam Saraf, executive managing director, Mumbai and New Business, India, Cushman & Wakefield.
Mint
4 days ago
- Business
- Mint
Mumbai at 6th place among 97 cities globally in under-construction data centre capacity: report
New Delhi, Jun 3 (PTI) Mumbai ranks 6th among 97 cities globally in data centre capacities under construction, according to Cushman & Wakefield. Virginia is in first position with 1,834 MW data centre capacity under construction, followed by Atlanta (1,078 MW), Columbus (546 MW), Dallas (500 MW) and Phoenix (478 MW). Mumbai ranks 6th globally in under-construction data centre capacity. "At the end of 2024, the city had 335 MW of data centre capacity under construction, which, once completed, will expand its operational capacity by 62 per cent," real estate consultant Cushman & Wakefield (C&W) said. Austin/San Antonio ranks 7th (325MW), Reno 8th (305MW), London 9th (265MW) and Dublin (249 MW), according to C&W's latest 'Global Data Center Market Comparison' report 2025. The report, covering 97 global markets, attributes this growth to surging demand fuelled by the expansion of cloud computing and AI workloads. Key factors shaping data centre development include power availability, land access, and supporting infrastructure. "Mumbai leads the APAC region with 335 MW of data centre capacity under construction and ranks among the top 10 global markets by this metric. Once completed, this will expand the city's operational market size by 62 per cent," Gautam Saraf, Executive Managing Director - Mumbai & New Business, India at Cushman & Wakefield, said. He noted that several factors are driving this momentum - a strong digital backbone, a reliable power supply, and sustained demand from hyperscalers. "As India's financial capital and economic hub, Mumbai already accounts for over half of the country's data centre capacity and continues to attract major global operators," Saraf said. Key enablers include 12 cable landing stations, the recent MIST cable landing, and a robust pipeline of upcoming infrastructure, he said. "While challenges around land availability and power persist in certain locations, the city's long-term fundamentals remain highly compelling for sustained growth," Saraf said.
Yahoo
07-05-2025
- Business
- Yahoo
Surging Demand for Data Infrastructure Fuels Real Estate Transformation Across Global Data Center Markets According to Cushman & Wakefield
Land Pricing and Competition Intensify: While the Americas enjoy lower land costs overall, increased competition in top-tier markets has driven pricing upward. Midwestern U.S. markets like Indianapolis and Iowa remain among the most affordable, attracting spillover demand from more expensive neighbors. Investment Surges Across Real Estate Spectrum: The sector continues to attract significant institutional investment, with a sharp rise in joint ventures, mergers, and acquisition activity across colocation, hyperscale, and infrastructure outfits. Recently capitalized firms are increasingly targeting both established and emerging markets, fueling rapid pipeline growth and positioning data centers as one of the fastest-growing real estate asset classes globally. Powered Land Becomes Gold Standard: Land with pre-secured utility commitments is in high demand, with developers and even non-traditional buyers like electric vehicle and chip manufacturers competing for sites. These parcels offer a guaranteed path to power amid rising power constraints and long utility lead times. Record Pipeline Growth: The Americas lead in planned data center capacity, with Virginia boasting a staggering 15.4GW in its development pipeline. Land values remain a top consideration in mature markets, driving greater attention to more cost-effective emerging locations like Johor and Pennsylvania. Land Demand and Suburban Shift: Larger site acquisitions for phased campus developments are becoming the norm, pushing data center projects away from urban cores and into suburban and rural areas. Virginia, Phoenix, and Sydney rank among the top markets for land availability, as developers prioritize locations that support scalability and power integration. "We expect total capacity to continue its incredible growth trajectory across all global regions, with each expected to at least double based on the current development pipelines," said John McWilliams, Head of Data Center Insights. "The industry experienced rapid expansion throughout the past year, a trend we expect to continue into 2025 and 2026. Artificial intelligence (AI) and machine learning (ML), which gained prominence in 2022, are key drivers of this demand now and into the future." CHICAGO, May 07, 2025 --( BUSINESS WIRE )--Global Data Center markets are seeing surging demand due to relentless growth and expansion of cloud computing and AI workloads according to the latest report by Cushman & Wakefield (NYSE: CWK). The report, which analyzes 97 global markets, highlights how power access, land acquisition, and infrastructure have emerged as critical variables shaping where and how data center facilities are being built. Story Continues While power availability and capacity in the data center construction pipeline are key factors in identifying the top data center markets worldwide, the 2025 edition of Cushman & Wakefield's Global Data Center Market Comparison analyzes 20 critical variables tailored to hyperscale and colocation operators, occupiers, and developers across 97 global data center markets. Established Markets Rankings: AMERICAS APAC EMEA 1. Virginia Beijing London 2. Phoenix Shanghai Frankfurt 3. Dallas Sydney Amsterdam 4. Atlanta Johor Paris 5. Oregon Melbourne Madrid 6. Columbus Guangzhou Milan 7. Salt Lake City Mumbai Stockholm 8. Chicago Osaka Dublin 9. Carolinas Seoul Brussels 10. Sao Paulo Singapore Johannesburg Emerging Markets Rankings: AMERICAS APAC EMEA 1. Austin/San Antonio Auckland Abu Dhabi 2. Iowa Brisbane Dubai 3. Pennsylvania Busan Berlin 4. Reno Pune Helsinki 5. Minneapolis Bengaluru Zurich 6. Kansas City Perth Munich 7. Nashville Canberra Oslo 8. Indianapolis Taipei Warsaw 9. Central Washington Batam Reykjavik 10. Santiago Hanoi Tel Aviv The 2025 report emphasizes that while mature markets like Virginia, Beijing, and London continue to dominate, rising land costs and regulatory restrictions are opening doors for emerging regions poised to redefine the global data center map. "The next frontier isn't just about connectivity, it's about access to scalable land, power infrastructure, and favorable economics," said McWilliams. "Emerging markets are gaining traction, but established hubs continue to lead the way, backed by larger development pipelines, mature infrastructure, and steady demand that keeps them at the center of global data center activity." For more information or to download the full report, visit: About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit View source version on Contacts Media Contact: Savannah Durban
Business Wire
07-05-2025
- Business
- Business Wire
Surging Demand for Data Infrastructure Fuels Real Estate Transformation Across Global Data Center Markets According to Cushman & Wakefield
CHICAGO--(BUSINESS WIRE)--Global Data Center markets are seeing surging demand due to relentless growth and expansion of cloud computing and AI workloads according to the latest report by Cushman & Wakefield (NYSE: CWK). The report, which analyzes 97 global markets, highlights how power access, land acquisition, and infrastructure have emerged as critical variables shaping where and how data center facilities are being built. 'We expect total capacity to continue its incredible growth trajectory across all global regions, with each expected to at least double based on the current development pipelines,' said John McWilliams, Head of Data Center Insights. 'The industry experienced rapid expansion throughout the past year, a trend we expect to continue into 2025 and 2026. Artificial intelligence (AI) and machine learning (ML), which gained prominence in 2022, are key drivers of this demand now and into the future.' Key trends include: Land Demand and Suburban Shift: Larger site acquisitions for phased campus developments are becoming the norm, pushing data center projects away from urban cores and into suburban and rural areas. Virginia, Phoenix, and Sydney rank among the top markets for land availability, as developers prioritize locations that support scalability and power integration. Record Pipeline Growth: The Americas lead in planned data center capacity, with Virginia boasting a staggering 15.4GW in its development pipeline. Land values remain a top consideration in mature markets, driving greater attention to more cost-effective emerging locations like Johor and Pennsylvania. Powered Land Becomes Gold Standard: Land with pre-secured utility commitments is in high demand, with developers and even non-traditional buyers like electric vehicle and chip manufacturers competing for sites. These parcels offer a guaranteed path to power amid rising power constraints and long utility lead times. Investment Surges Across Real Estate Spectrum: The sector continues to attract significant institutional investment, with a sharp rise in joint ventures, mergers, and acquisition activity across colocation, hyperscale, and infrastructure outfits. Recently capitalized firms are increasingly targeting both established and emerging markets, fueling rapid pipeline growth and positioning data centers as one of the fastest-growing real estate asset classes globally. Land Pricing and Competition Intensify: While the Americas enjoy lower land costs overall, increased competition in top-tier markets has driven pricing upward. Midwestern U.S. markets like Indianapolis and Iowa remain among the most affordable, attracting spillover demand from more expensive neighbors. While power availability and capacity in the data center construction pipeline are key factors in identifying the top data center markets worldwide, the 2025 edition of Cushman & Wakefield's Global Data Center Market Comparison analyzes 20 critical variables tailored to hyperscale and colocation operators, occupiers, and developers across 97 global data center markets. Established Markets Rankings: AMERICAS APAC EMEA 1. Virginia Beijing London 2. Phoenix Shanghai Frankfurt 3. Dallas Sydney Amsterdam 4. Atlanta Johor Paris 5. Oregon Melbourne Madrid 6. Columbus Guangzhou Milan 7. Salt Lake City Mumbai Stockholm 8. Chicago Osaka Dublin 9. Carolinas Seoul Brussels 10. Sao Paulo Singapore Johannesburg Expand Emerging Markets Rankings: AMERICAS APAC EMEA 1. Austin/San Antonio Auckland Abu Dhabi 2. Iowa Brisbane Dubai 3. Pennsylvania Busan Berlin 4. Reno Pune Helsinki 5. Minneapolis Bengaluru Zurich 6. Kansas City Perth Munich 7. Nashville Canberra Oslo 8. Indianapolis Taipei Warsaw 9. Central Washington Batam Reykjavik 10. Santiago Hanoi Tel Aviv Expand The 2025 report emphasizes that while mature markets like Virginia, Beijing, and London continue to dominate, rising land costs and regulatory restrictions are opening doors for emerging regions poised to redefine the global data center map. 'The next frontier isn't just about connectivity, it's about access to scalable land, power infrastructure, and favorable economics,' said McWilliams. 'Emerging markets are gaining traction, but established hubs continue to lead the way, backed by larger development pipelines, mature infrastructure, and steady demand that keeps them at the center of global data center activity.' For more information or to download the full report, visit: About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2024, the firm reported revenue of $9.4 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit
Reuters
05-02-2025
- Business
- Reuters
AI boom spurs Big Tech to build clean power on site
Summary Tech groups and clean power builders are partnering to co-locate data centers and power generation to reduce permitting and grid connection risks. February 5 - As AI accelerates demand for computing capacity, tech groups and other data center operators are increasingly looking to co-locate new facilities with new solar, wind and battery storage to secure power supplies and meet net zero targets. Tech giant Google recently signed a $20 billion partnership with developer Intersect Power and investor TPG Rise Climate to develop gigawatts of U.S. data center capacity powered by co-located energy plants. Grid connection requests for huge data center facilities that require over 300 MW of power capacity are stretching a power network already under strain, opens new tab from soaring clean power deployment, the U.S. Department of Energy (DOE) said in a report released in July 2024. Lead times for these data centers are typically one to three years, the DOE noted, and new grid connections for clean power often take far longer due to queues in many networks. Demand from data centers is forecast to double within five years, rising from 176 TWh in 2023 to between 325 and 580 TWh in 2028, government data shows. Last month, President Donald Trump threw his support behind a $500 billion pledge by tech groups and investors to develop infrastructure for AI facilities. CHART: Forecast US data center electricity demand Data center operators, clean power builders and investors hope that coordinated efforts in development, permitting and grid connection will ensure clean power and data centers are deployed more efficiently. "All too often, developers bringing data centers online or other industrial loads are having a conversation with one portion of the utility while the generator is having another conversation," Leeward Renewable Energy (LRE) chief commercial officer Eran Mahrer told Reuters Events. "We can create efficiency when those [projects] are co-located, and those conversations are happening in tandem," he said. Green machines The AI boom has prompted development of data centers beyond the traditional clusters of computing campuses as operators seek to secure clean power, grid capacity and competitive costs. Northern Virginia is currently the largest regional data center hub and other established areas of activity include Dallas, Phoenix and Atlanta, but there are also fast-growing 'hyperscaler' markets in Oregon, Columbus, Salt Lake City and Kansas City, according to the 2024 Global Data Center Market Comparison study by Cushman & Wakefield. Soaring demand for data capacity is set to significantly impact wholesale power prices, opens new tab. CHART: Forecast wholesale power price at Texas ERCOT North Data centers need power 24/7 for energy and cooling purposes, which means that even with batteries, they often need some dispatchable gas-fired or nuclear power to cover intermittency. A number of gas-fired power developers are looking to build plants for data center customers and some tech groups are even looking to nuclear, opens new tab power capacity. "Currently, the grid, which also includes non-renewable sources, fills the gaps created by renewable generation," Stijn de Kruijf, Data Center Facility Expert at Royal HaskoningDHV, said. Join hundreds of senior executives across energy, industry and finance at Reuters Events Global Energy Transition 2025, opens new tab. Soaring demand from data centers could boost the case for creating cost-effective 100% clean power configurations that, for example, include long duration energy storage (LDES). "There is still a technology gap to be bridged because of the level of redundancy that is required for data centers right now," Chris Post, senior managing director at FTI Consulting's Power and Renewables, told Reuters Events. "The technology does not exist that you can have a fully behind-the-meter, fully green power generation set." Tech partners Google and partners Intersect Power and TPG Rise Climate plan to co-locate data centers with high capacity factor clean electricity alongside battery storage. "When Intersect Power builds new clean energy assets in regions and projects of interest, Google will be able to provide power offtake as an anchor tenant in the co-located industrial park that would support data center development," Google said in a blog post in December 2024. Surging demand from Tech groups is accelerating clean power activity - download our exclusive report, opens new tab. In another significant move, investment firm KKR and power generation developer Energy Capital Partners (ECP) announced a $50 billion partnership that would engage with industry stakeholders to accelerate the delivery of data center campuses and power generation. 'Building out AI and power infrastructure will require collaboration across industries," Waldemar Szlezak, Partner and Global Head of Digital Infrastructure at KKR, said in a statement. "KKR and ECP's strategic partnership offers a new approach, with immediately available capital and the capabilities needed to deploy that capital to accelerate this effort." Meanwhile, tech groups and data center operators continue to sign long-term power purchase agreements, opens new tab (PPAs) with new clean power facilities connected to the regional grid. TABLE: Largest buyers of US solar power by Q1 2024 LRE has 700 MW of solar projects in Oklahoma supported by PPAs with Google to supply one of the tech group's largest data centers, near Pryor in Mayes County. "The projects are not the classic definition of co-located, but they are electrically adjacent, within the same electrical bus," Mahrer said. To that end, these projects "meet the characterization of being generation at load," he said. Almost all of the power from the projects will serve Google's load, delivered under firm transmission service agreements with local utility Grande River Dam Authority (GRDA). New clean power projects dedicated to data center growth can support regional economic growth and benefit other power users on the network, Mahrer added. LRE's partnership with Google "ultimately allows the economic engine in Oklahoma to meet both existing customer demand and all the opportunities that come with growth," he said.
