47% ramp-up in data centre supply set to dampen rents
But Cushman & Wakefield expects a bottoming out next year amid sustained demand
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A RAMP-UP in supply of data centres (DCs) in Singapore by a whopping 46.6 per cent of the total current stock by megawatt (MW) by the end of this year islandwide is expected to dampen rents in the near term.
But Cushman & Wakefield expects rents to bottom out next year as a result of sustained demand from growing technology and network-content companies such as Facebook and Netflix, major banks and insurance companies.
Based on its estimates, there is some 248.5 MW of IT power supply in Singapore's data centres. Of this, 163 MW has been utilised, 55.1 MW has been earmarked for tenants' future expansion and 30.4 MW is currently available.
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