Singapore’s data centre rental market is tenant-favourable
By Angela Teo
/ EdgeProp |
Singapore’s data centre rental market is tenant-favourable, says the 1H2017 Asia Pacific Data Centres Marketview report by CBRE Research. However, there has been less pressure on occupancy as supply eases, with only 18 megawatts (MW) of new deliveries in 1H2017.
Retail rental rates for Singapore’s data centres in 1H2017 were between US$282 ($383) to US$326 per kilowatt, exclusive of utility consumption. The report found that Singapore’s data centre market is driven by international demand, which makes up 65 to 75% of total demand, based on the number of active end users in the market.
CBRE Research expects interest in Singapore’s data centre market to continue, with increased demand from cloud computing, online banking services to clients and online shopping. In addition, new supply is set to enter the market at a much reduced pace over the next 24 months.
Source: Keppel Data Centres
CBRE Research says in the report that a notable new completion in Singapore's data centre market for 1H2017 was Keppel DC Singapore 4, with a gross floor area of more than 182,000 sq ft.
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