Demand in Southeast Asia and North Asia is expected to expand about 25% a year through 2028, according to Cushman & Wakefield data. That compares with 14% a year in the US.
Asia is becoming the latest hunting ground for global investors in data centres, as companies from KKR & Co to Bain Capital bet on the region’s growing computing and data storage needs following an artificial intelligence boom.
Like in the US, Asia is seeing a surge in demand for data centres as giants like Amazon.com Inc and Alphabet Inc’s Google boost cloud services, the recent generative AI wave fuels data and capacity requirements, and the region’s growing population spurs storage needs.
