The demand for data centres, sparked by the global pandemic, is driving up industrial land prices in select Australian locations.
Video conferencing, online schooling, entertainment and remote work has all fuelled the demand, which is being particularly keenly felt in western Sydney.
In 2020, data centre groups acquired about 55ha of land for hyperscale-cloud sites, according to the latest report by CBRE.
Data centre net absorption doubled in past year with Asia Pacific Tier 1 markets including Tokyo, Sydney, Singapore and Hong Kong reaching 321.6 megawatts (MW), CBRE Industrial & Logistics regional director Cameron Grier said. Continue reading here