Vantage Data Centers in Goodyear.

January 24, 2023

AZ Business Magazine

Phoenix No. 9 among top data center markets in the world

Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, released its 2023 Global Data Center Market Comparison, the fourth edition of this annual study which identifies and ranks the top data center markets globally and covers key emerging trends in the sector. For 2023, this report has been expanded to 63 global markets, including more than 1,600 data centers.

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“The rush of post-pandemic activity in the data center space seen throughout 2021 continued in 2022, despite headwinds in the overall economy and resource challenges in some of the largest markets worldwide,” said Jacob Albers, Research Manager at Cushman & Wakefield.

Hyperscale tenants continued their relentless expansion across regions, with renewed vigor toward secondary and emerging markets. Co-location providers and developers have followed suit, driven by higher availability and lower prices for both power and land.

Cushman & Wakefield assessed data center markets across the globe within 13 different categories, including fiber connectivity, market size, cloud availability, and more to determine the top overall markets as well as the top performers in each of the 13 categories. According to the firm’s research, the top 10 data center markets are:

1. Northern Virginia (tie)

1. Portland (tie)

3. Singapore

4. Hong Kong

5. Atlanta (tie)

5. Chicago (tie)

5. Silicon Valley (tie)

8. Dallas

9. Phoenix

10. Seattle