Seoul data centre capacity slated to triple in the coming years | Real Estate Asia
, South Korea

Seoul data centre capacity slated to triple in the coming years

The city currently has 515MW of capacity.

In a recent report, JLL said Seoul’s data centre supply is on an upward trend, with the current 515MW of capacity set to approximately triple after the 900MW in the pipeline (including announced) comes online.

Noteworthy supply includes the emergence of international providers with operational capacity in 2022, i.e. Digital Edge, Digital Realty, and Equinix.

Here’s more from JLL:

Demand is largely driven by hyperscale, attracting international players, especially from the US, while domestic hyperscalers continue to grow and occupy colocation capacity.

External factors are also significantly contributing to the uptrend, especially market decentralisation, with investment going beyond the traditional top tier markets of Tokyo and Hong Kong.

Robust demand attracts global players

Investment and development continue to grow to wider areas, especially towards Busan due to their advantage of a subsea cable.

High market activity was recorded due to the increasing number of international as well as domestic players. Examples include new developments and site acquisitions, JV formations and renewable energy development.

Outlook: Continuous strong demand expected to absorb new supply

Although occupancy remains strong, a quick dip may occur, especially for hyperscale, in the next couple of years before recovering fast in the subsequent years.

Significant new supply is expected in the pipeline, for instance by KT Cloud, Empyrion and STT GDC.


Note: Seoul Data Centres refers to Seoul's overall data centre market.


Join Real Estate Asia community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!