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1、ResearchGlobal|Data Centers 2024 Global OutlookAI and the green energy transition will bring new challenges and opportunitiesData Centers 2024 Global OutlookContentsExecutive summary 301Demand drivers 5Digital economy 6Generative AI 802Data center design 9Increasing rack density 9Liquid cooling 12Da
2、ta center operations 13Increasing power efficiency 13Software-fueled efficiency improvements 14Algorithms and CPU cycles 1403Power sourcing 15Global power shortage 16Sustainable energy 18Low-carbon strategies to overcome supply issues 2004Opportunities for sustainable growth 22Key contacts 242Data C
3、enters 2024 Global OutlookContents The democratization of Artificial Intelligence(AI)stands to be the biggest transformation in the data center industry since the sector burst onto the scene.The data center industry has experienced explosive growth over the past decade,driven by ever-increasing dema
4、nd for cloud services and the expanding use of web-enabled devices globally.Now in 2024,AI and machine learning is prompting a fundamental shift in data center design,site selection and investment approach.With power requirements for data centers growing exponentially,we are seeing a scarcity of dat
5、a center colocation supply driven by regional power limitations.Data center growth is experiencing significant competition with other high-power users including electric vehicle infrastructure and advanced manufacturing.The European Commission estimates that electricity consumption will increase by
6、60%by 2030 while power generation capacity needs huge investment in order to meet renewable energy targets.Executive summaryThe impact on the data center industry is immense.Power presents both an opportunity and a threat to the sector and as a result we have dedicated our outlook to this evolving d
7、ynamic.Our report explores in detail,what this means for developers and operators in 2024 and beyond,including case studies of ingenuity and innovation as the sector evolves.3Data Centers 2024 Global OutlookContents Demand drivers The ever-growing digital economy and democratization of AI will drive
8、 demand for more and larger data centers.With many real estate asset classes seeing a pullback for developers and investors,data centers stands out as a promising asset class in 2024.Data center designThe highly specialized equipment needed to support AI densities,particularly liquid cooling,will tr
9、ansform traditional facility design.Data center providers are rapidly changing designs to support these new requirements.Data center operationsIn the quest to lower power usage effectiveness(PUE),data center operators will seek new software solutions and algorithms to propel efficiency gains.For ent
10、erprise data center operators,achieving better efficiency requires specialized expertise.Power sourcingThe urgent need for more power will lead data center operators and even governments to scramble to secure required utility,especially sustainable sources of energy while spurring innovation.AI is d
11、riving extreme scale for new developments with requirements now ranging from 300 megawatts(MW)to over 500MW.Site selection criteria have changed dramatically with a more prominent focus on power availability and delivery timelines.4Data Centers 2024 Global OutlookContents The continued transition to
12、 the cloud,growth in the Internet of Things(IoT),growing data sovereignty and residency regulations,and the expanding amount of data that consumers and businesses generate are fueling the rapid development of data centers globally.In the next five years,consumers and businesses will generate twice a
13、s much data as all the data created over the past 10 years.In response,total storage capacity in data centers and endpoint devices will grow from 10.1 zettabytes(ZB)in 2023 to 21.0 ZB in 2027,for a five-year compound annual growth rate(CAGR)of 18.5%.1 Demand drivers011 Aug 2023,IDC#US49346223,Revela
14、tions in the Global StorageSphere 2023,John Rydning5Data Centers 2024 Global OutlookContents 6The growing need for storage translates to growing demand for data center space,fueling rapid development.In the past decade,developers have steadily increased the capacity of new colocation and hyperscale
15、data centers.Structure Research estimates that global colocation MW will grow at 15.2%CAGR over the next five years.Most new data centers built 10 years ago had a critical IT load capacity of less than 10MW.Today,it is not uncommon to hear developers announce new builds of 100MW or more.6Global data
16、 center colocation market size by country in primary,secondary and emerging markets(in MW of built-out critical IT load capacity)Source:JLL,Structure Research Data as of June 2023Singapore1,000Paris387Dublin227London912Mumbai392Chennai87Sydney637Melbourne324Tokyo898Hong Kong576Madrid99Cape Town29Joh
17、annesburg121Campinas410Barueri221Rio de Janiero76Frankfurt660Amsterdam488Seoul545Berlin92Dallas-Fort Worth737New Jersey410Northern Virginia3,640Quertaro41Los Angeles265 Houston109Las Vegas /Reno180 Northern California693Chicago784Primary markets have at least 600MW of supply and many of these market
18、s are now pushing beyond the 1,000MW mark.They will continue to see strong growth as colocation and hyperscalers consolidate their positions in safe metros that have become sub-regional hubs.Secondary markets typically have 100600MW of supply and have recently become the focus of attention as invest
19、ors,lenders and developers seek new opportunities in less crowded markets.Emerging markets will continue to grow as Edge deployments bring data centers closer to the user and national data sovereignty laws mandate in-country storage.Contents Kuala Lumpur233Phoenix698Toronto506Northwest620Vancouver26
20、Atlanta390Denver108Salt Lake City176Austin/San Antonio433Boston160New York1527Data Centers 2024 Global OutlookContents 8Generative AI poised to transform the data center marketGenerative AI will significantly disrupt the industry,impacting not just the number of new data centers needed but also thei
21、r design and location.Bloomberg Intelligence projects the generative AI market will grow to$1.3 trillion over the next 10 years from a market size of just$40 billion in 2022.2 Data center operators and developers that want to capitalize on this market opportunity must recognize that AI-specialized d
22、ata centers look different than conventional facilities.Generative AI requires more densely clustered and performance-intensive IT infrastructure than the framework found in standard data centers,producing much more heat.The power consumed by generative AI workloads fluctuates more than traditional
23、IT workloads,creating challenges in optimizing a facilitys overall efficiency.For example,the workload of an AI image generator application requires much more power than a text generation application.Additionally,power requirements for the three stages of generative AI model creation,tuning and infe
24、rence vary significantly.Data center operators need to plan and allocate power resources based on the type of data being processed and the stage of generative AI model development.3 2 Bloomberg,Generative AI to Become a$1.3 Trillion Market by 2032,Research Finds,June 20233 Jul 2023,IDC#US51013223,Ge
25、nerative AI:Implications for the Datacenter,Sean Graham and Peter Rutten4 IDC#US51013223,2023Training and tuning application workloads for AI are not typically latency-sensitive.Therefore,developers building AI-specialized data centers can be more flexible in site selection and strategically choose
26、geographies with significant available transmission power,low energy costs,abundant sustainable energy sources and climates that support free cooling.4 Given high demand and growing data requirements,data center development is positioned to continue at a rapid pace in 2024.However,as hyperscalers an
27、d other large requirements sign commitments to space far in advance of delivery,those with smaller requirements will need to plan ahead to find the capacity they need.Key considerationsFor investors,how will generative AI change the data center landscape,particularly the needs of each stage of model
28、 development?For enterprises and operators,are generative AI workloads best served in on-premise,colocation,or public cloud environments?8Data Centers 2024 Global OutlookContents Increasing rack density The rapid adoption of generative AI will continue to drive the upward trajectory of rack power de
29、nsity.Average rack density has been slowly climbing over the past few years and will see significant jumps in the coming years.Data center design02Rack density refers to the amount of computing equipment installed and operated within a single server rack.It is calculated by the racks power requireme
30、nts(in watts)divided by the available space(measured in rack units).9Data Centers 2024 Global OutlookContents 10Hyperscalers,which have been at the forefront of adopting AI and high-performance computing(HPC),have the greatest need for high-density infrastructure.Currently,their large facilities hav
31、e an estimated average density of 36kW per rack,which IDC estimates will grow at a 7.8%CAGR in the coming years to approach 50kW by 2027.Many AI cluster requirements are projected to hit 80-100kW/rack.5Despite its exponential growth throughout 2023,generative AI is still in its early stages of democ
32、ratization for most organizations and end-users.As this transformative technology reaches more mainstream users,enterprise and colocation data centers will need to adapt to accommodate the higher power densities required to support these advanced IT loads.In addition to increasing computational need
33、s,rising demand for hyperconverged infrastructure(HCI)is driving the upward trajectory of power density.As demand for higher rack density grows,innovations on the infrastructure side are enabling the industry to keep up.Promising sustainable energy solutions and the advent of contemporary cooling so
34、lutions,especially immersion cooling,will help operators continue to increase density.Figure 1Average rack density is increasing,especially in hyperscale data centers (Asia Pacific excluding Japan)6Enterprise&colocation data centersHyperscale data centers0020242023202520262027kW/rack5,6 J
35、uly 2023,IDC#AP50326223,Asia/Pacific(Excluding Japan)DC Deployment Model and Spend Forecast,2H22:20222027,Mikhail Jaura,William Lee,Wendy Lok,Cynthia Ho10Contents“The increasing trend of Hyper-converged Infrastructure(HCI)and modular equipment reflect a strategic shift for enhanced flexibility and s
36、calability.This industry-wide move aims to swiftly adapt to evolving demand,optimizing agility while staying committed to sustainable practices.Caine BoesenbergGroup Account Director,Data CentersAsia PacificJLLData Centers 2024 Global Outlook11Data Centers 2024 Global OutlookContents“Liquid cooling
37、systems demonstrates a transformative step in data center operational efficiency.Beyond processing power,the industrys focus on advanced heat management aligns with a commitment to sustainable high-performance computing,departing from conventional systems,not only for sustainability purposes but als
38、o to acclimatize to the increasing need for HPC.Andrew Green Regional Practice Lead,Data Centers,APACJLL12Liquid cooling adoption ramps upHigher rack density exacerbates the cooling demands within data centers because concentrated computing equipment generates substantial heat.Traditional methods,su
39、ch as air-based cooling,may struggle to dissipate the heat generated by densely packed racks.To maintain efficiency,data centers are adopting advanced cooling technologies,such as liquid cooling or rear-door heat exchangers.Since cooling typically accounts for roughly 40%of an average data centers e
40、lectricity use,operators can offset the energy needs of higher computational power by shifting to liquid cooling.Providers have shown that liquid cooling boasts significant power reductions as high as 90%while improving computational capability and space requirements.Liquid cooling is gradually beco
41、ming cost-competitive with conventional solutions,so operators should face a lower cost barrier to entry in the near future.While data centers with traditional rack densities will maintain air-cooled setups,we will begin to see wider adoption of liquid cooling in facilities with high rack densities.
42、12Data Centers 2024 Global OutlookContents 13Data center operationsEfficiency on the riseLeading data center operators continue to make strides in increasing efficiency.Many cloud,hyperscale and colocation data centers run much more efficiently than the traditional enterprise data centers they are r
43、eplacing.In 2022,IT and data center managers reported an average annual PUE ratio of 1.55 at their largest data center.Data center operators aim to get their PUE ratio as close to 1 as possible.While efficiency gains have flattened in recent years,leading operators continue to explore new solutions
44、to improve PUE ratios incrementally.Software will fuel energy efficiency improvementsHigher power densities in new and existing centers will be necessary to do more with the same physical space.Leading data center operators will employ software for intelligent management,monitoring and rack orchestr
45、ation that will fuel efficiencies,lower operational costs and require less staff.Software-defined power,which optimizes energy use,offers one opportunity.Half of IT and data center managers believe software-defined power will likely improve the efficiency of data centers within the next five years,a
46、ccording to a 2022 survey.7 Figure 2What is the average annual PUE for your largest data center?Data center average PUE worldwide 2007-2023Note:Worldwide;2007 to 2022;669 respondents;IT and data center managers.Source:Uptime Institute;ID 2008 2009201120102012 2013 2014 2015 2016 2017 201
47、8 2019 2020 2021 2022 20231.52.02.5Average annual PUE7 Uptime Institute Global Data Center Survey 2022,page 2813Data Centers 2024 Global OutlookContents 14Algorithms hold potential to increase CPU cyclesWhile hardware improvements like renewable energy and immersion cooling tend to generate a lot of
48、 buzz,many leading data center operators are also improving efficiency behind the scenes by increasing the computational yield from CPU cycles.With the clock speed of CPU cycles hitting a plateau in the last decade,data center operators that want to improve computational power and efficiency further
49、 will need to turn to instructions or coding improvements such as parallel and advanced algorithms.For example,parallel or distributed computing allows multiple servers to handle a heavy processing workload,thus helping to alleviate some rack density challenges.In addition,further research and devel
50、opment can be conducted on algorithms for quantum processing,enabling wider usage of quantum computers(QPU)for AI and machine learning.Operators that invest in improving algorithms or software in the coming years stand to achieve greater efficiency gains than those focusing on hardware alone.Key con
51、siderationsFor investors,how can you incorporate new technologies into your data center designs to make them more efficient,particularly in relation to cooling and energy management?For enterprises and operators,will your existing data center designs be sufficient for supporting certain stages of Ge
52、nerative AI model development?14Data Centers 2024 Global OutlookContents Intensifying data center power requirements converge with the energy transition to sustainable sourcesThe significant power demands of HPC and AI systems put pressure on data centers energy infrastructure,amplifying the challen
53、ges of sourcing sufficient power capacity.Global electricity use of data centers has remained flat since 2015 while data center workloads have more than doubled.8 This has largely been due to rapid improvements to data center efficiency,infrastructure and a trend towards larger hyperscale data cente
54、rs.Despite this,smaller countries with expanding data center markets are seeing substantial increases in energy use,putting significant pressure on generation and grid infrastructure.Power transmission and supply sourcing038 IEA,Data Centers and Data Transmission Networks15Data Centers 2024 Global O
55、utlookContents 16EirGrid in Ireland estimates that electricity demand from data centers could more than double to 30%of all consumption in 2028.In Denmark,electricity usage from data centers is forecast to grow from 1%to 15%of total consumption by 2030.The data center industrys explosive growth come
56、s as companies are trying to navigate the challenges of the global energy transition from fossil fuels to sustainable sources and aging energy infrastructure.Antiquated grid networks were not built to handle todays power-intense data flows on top of record deployments of electric vehicle infrastruct
57、ure,increases in advanced manufacturing and urban areas growing electricity demand.Timelines for sourcing power have increased two or threefold to produce the large amounts of power required for data centers.Grid infrastructure globally requires enormous investment.For example,one-third of Europes g
58、rid infrastructure is over 40 years old,requiring an estimated 584 billion($641 billion)of investment by 2030 to meet the European Unions green goals.In the United States,meeting energy transition goals will require an estimated$2 trillion in order to upgrade the grid and feed more renewable energy
59、into the power supply.So far$13 billion has been allocated for modernizing the grid through the Bipartisan Infrastructure Law which also includes grants to expand capacity for wind and solar power as well as microgrids that can function independently in the event of a blackout.Due to the significant
60、 investment required,challenges in sourcing power will continue to be a factor for developers and users seeking data center capacity.Advanced planning will be necessary,as delivery timelines are two to three years in the future.Users and developers will also increasingly seek sites in secondary and
61、tertiary markets due to timelines involved in power procurement.Colocation operators will also strive to operate more efficiently,making use of the“stranded power”,or power contractually guaranteed that isnt used,in order to maximize capacity.Load shedding disrupts grid reliabilityData center operat
62、ors in some markets now must contend with load shedding,a practice of intentionally shutting down power that has historically been used primarily in developing economies.In the past year,utilities in California and Texas have deployed the practice during periods of high demand.Meanwhile,Germany is c
63、ontemplating using load shedding in 2024 to control the energy supply in high-demand areas.Although a temporary reduction of electricity supply helps balance the power grid in times of high demand or a shortage of generation capacity and prevents large-scale disruption from a total grid collapse or
64、a blackout,load shedding can be particularly inconvenient for data center operators.Data centers rely on Uninterrupted Power Supply(UPS)to ensure the continuous operation of their servers,network equipment and critical systems.Data centers have systems in place to protect against power disruptions s
65、uch as redundant power sources and backup generators.However,frequent load shedding can place additional strain on these backup systems and result in higher energy consumption,leading to higher operational costs and impacting environmental sustainability efforts.16Data Centers 2024 Global OutlookCon
66、tents 17Major markets address power burden of data centersThe cost and availability of power continue to hinder development in all global data center markets.The following examples illustrate how select markets are addressing the challenge:IrelandThe data center industry has come under immense scrut
67、iny in Ireland over the past few years.In 2022,data centers consumed 18%of the countrys electricity,up from 5%in 2015.9 In response,Irelands state grid authority,EirGrid,has stopped providing connections for facilities in Dublin.The de facto moratorium means that EirGrid will not supply any new conn
68、ections until at least 2028 and will only consider applications on a case-by-case basis.A handful of developers are currently seeking planning permission for new developments,with Vantage and EdgeConnex appealing their rejected decisions and CyrusOne awaiting a verdict.SingaporeAs the rapid growth o
69、f Singapores data center industry puts pressure on the countrys limited resources,the government enacted a moratorium to halt data center construction in certain regions temporarily.During the moratorium,the government carefully reviewed new data center proposals in 2022 and 2023 to ensure they alig
70、n with the countrys sustainability goals,examining factors such as energy efficiency,renewable energy usage and the utilization of existing infrastructure.The government has indicated that it is actively exploring ways to meet the increasing demand for data centers through innovative solutions,such
71、as floating data centers and underground developments.9 Central Statistics Office,Data Centers Metered Electricity Consumption 2022United StatesIn Northern Virginia,the power capacity used by data centers doubled between 2018 and 2022 to 2,767MW,according to Dominion Energy,the states electric utili
72、ty.While it has historically matched demand,Dominion has struggled in recent years to keep up with the surge in power needs.Based on customer orders,the utility forecasts that capacity will double statewide by 2028.To address these constraints and meet future demand,Dominion must construct major tra
73、nsmission infrastructure.To start,it has begun building two 500-kilovolt transmission lines in Northern Virginia to serve the data center market.17Data Centers 2024 Global OutlookContents 1810 IEA,Data Centers and Data Transmission NetworksThe rise of sustainable power Sustainability has emerged as
74、one of the most important issues for data centers today.With data centers and data transmission networks accounting for 1%of energy-related greenhouse gas emissions,operators face increased pressure to not only improve efficiency but also to source sustainable power.10The intense focus on sustainabi
75、lity means that data center operators must tackle a dual challenge in a power-constrained environment:ensure a reliable electricity supply while minimizing a facilitys environmental footprint.Several examples from leading operators offer clues to how the industry can solve this conundrum.“In additio
76、n to location and design considerations,data center operators are starting to explore alternative power sourcing strategies for onsite power generation including small modular reactors(SMRs),hydrogen fuel cells and natural gas.With power grids becoming effectively tapped out and transformers having
77、lead times of over three years,operators will need to innovate.Andy CvengrosManaging Director,U.S.Data Center Markets JLL18Data Centers 2024 Global OutlookContents Case study:EnergiewendeTranslated in English as Energy Turnaround,Energiewende is the German name for the countrys transition to low-car
78、bon,safe,reliable and renewable energy which involves phasing out nuclear power(the last three nuclear plants were shut down in 2023).Coal-fired power plants are aimed to be phased out by 2030 and there is increasing investment into solar and wind energy generation.The scrapping of nuclear power has
79、 been a controversial decision in Germany,as it leaves the country in a difficult place to meet its ambitious clean energy goals(65%of electricity from clean sources by 2030).The UK for example,is expanding its nuclear energy generation with the new Sizewell C project estimated to cost between 20 bi
80、llion($25.6 billion)and 44 billion which will generate 3.2 gigawatts(GW)of energy and powers six million homes.19Data Centers 2024 Global OutlookContents 20Low-carbon strategies to overcome supply issuesLocationHyperscalers are looking to diversify their geographical footprints and find readily avai
81、lable and scalable power by expanding into different secondary and tertiary markets like Atlanta,Salt Lake City,Reno,Denver,Columbus,and Charlotte.Globally,Sweden and other Nordic countries offer data centers a secure source of green electricity as well as a colder climate that reduces the need for
82、cooling operations.Its no surprise that Google,Meta,and Amazon have all established data centers in the Nordics over the past several years,and experts expect the region will see more growth in the coming years.11Onsite power generationRooftop solar may be the most prolific form of low-carbon,onsite
83、 power generation today,but comes with the downside of high variability.New solutions are emerging,like small modular reactors(SMRs)advanced nuclear reactors with a power capacity of up to 300 MW.In the U.S.,the first approval for an SMR to supply a data center was granted to NuScale in February 202
84、3.Microsoft is also exploring SMRs as part of its energy strategy.Hydrogen fuel cells are another emerging technology to watch.Microsoft is testing this technology in the U.S.to replace diesel-based backup generators.12 Meanwhile,Lumcloon Energy in Ireland and South Korea-based SK Ecoplant are partn
85、ering to build the first hydrogen fuel cell-powered data center in Europe.13Power purchase agreements(PPAs)Over the last couple of years,PPAs have enabled cloud giants to make record levels of investment in renewable energy.Major cloud providers already rank among the worlds largest buyers of renewa
86、ble energy.Amazon in 2023 invested in more than 100 new solar and wind energy projects.The company now supports more than 400 renewable energy projects in 22 countries.1411 Infrastructure Investor,The rise and rise of the Nordic data center industry,June 26,2023 12 Data center Dynamics,Preparing for
87、 the hydrogen grid,September 13,2023 13 The Irish Times,Offaly firm signs South Korea data center deal,November 2,2023 14 IEA,Data Centers and Data Transmission Networks What is a power purchase agreement(PPA)?Through a PPA,a third-party developer installs,owns,and operates an energy system on a cus
88、tomers property.The customer then purchases the systems electric output for a predetermined period.20Data Centers 2024 Global OutlookContents 21As disclosure requirements grow for environmental and carbon footprints,sustainable energy sources for data centers will be a key requirement in selecting a
89、n operator or developer.Users will become more knowledgeable in asking questions about sustainability before signing a commitment,and developers will focus on sustainability improvements to ensure a longer lifespan for the deployment.“Opportunity and threat are often two sides of the same coin.While
90、 the global energy crisis presents an ongoing challenge to the data center sector it also opens opportunities for sustainable growth.Globally,there is a sizable energy infrastructure funding gap.By partnering with renewable energy projects,companies,cloud providers and data center operators,as the l
91、argest purchasers of renewable energy,have the ability to transform and drive the energy infrastructure sector.Through long-term PPAs that are driving development of new renewable energy projects,investing in advanced grid technologies that improve stability and optimization to onsite power generati
92、on that can export power back to the grid during periods of low demand.Daniel ThorpeAssociate Director,EMEA Data CentersJLLKey considerationsFor investors,how much sustainable energy is available in new data center markets,and what are the opportunities to invest in new sustainable energy projects t
93、o serve under-supplied markets?For enterprises and operators,what is the supply pipeline from new sustainable energy sources in current markets of operation?21Data Centers 2024 Global OutlookContents The growth of AI and intensifying focus on sustainability present opportunities for data center deve
94、lopers and operators to evolve their business models to meet the industrys changing needs.Over time,developers will build specialized data centers for training and tuning AI models.In the meantime,there will be significant opportunities to redesign existing data centers to cope with the increased po
95、wer and cooling demands as rack densities rise due to AI.Those who can meet these demands while minimizing environmental footprints will stand ready to benefit from meeting the needs of our data-intense digital economy.Opportunities for sustainable growth04Key considerationsFor investors,operators a
96、nd enterprises Has your organization sufficiently factored in the transformative impact of Generative AI into its strategic decision-making around data centers?22Data Centers 2024 Global OutlookContents“Managing aging infrastructure with increased demand intensity,alongside new ESG requirements and
97、legislation,provide data centers with a uniquely challenging environment in 2024.However,each is an opportunity to drive meaningful change using a combination of data center expertise,platform tools and truly creative innovation were set for an extremely exciting year.Catriona Shearer EMEA Data Cent
98、er Consulting LeadJLLCopyright Jones Lang Lasalle IP,Inc.2024This report has been prepared solely for information purposes and does not necessarily purport to be a complete analysis of the topics discussed,which are inherently unpredictable.It has been based on sources we believe to be reliable,but
99、we have not independently verified those sources and we do not guarantee that the information in the report is accurate or complete.Any views expressed in the report reflect our judgment at this date and are subject to change without notice.Statements that are forward-looking involve known and unkno
100、wn risks and uncertainties that may cause future realities to be materially different from those implied by such forward-looking statements.Advice we give to clients in particular situations may differ from the views expressed in this report.No investment or other business decisions should be made b
101、ased solely on the views expressed in this report.Contact our data center experts:About JLLFor over 200 years,JLL(NYSE:JLL),a leading global commercial real estate and investment management company,has helped clients buy,build,occupy,manage and invest in a variety of commercial,industrial,hotel,resi
102、dential and retail properties.A Fortune 500 company with annual revenue of$20.9 billion and operations in over 80 countries around the world,our more than 105,000 employees bring the power of a global platform combined with local expertise.Driven by our purpose to shape the future of real estate for
103、 a better world,we help our clients,people and communities SEE A BRIGHTER WAYSM.JLL is the brand name,and a registered trademark,of Jones Lang LaSalle Incorporated.For further information,visit .Research authorsGlen Duncan Daniel Thorpe Europe,Middle East&Africa Jonathan Kinsey Tom GCatriona SLuke J
104、Hanayyah SSimon BAsia Pacific Rachit MRohit HBob TAndrew G Celina C Caine BSouth America Zach Cheney Americas Data Center Leadership CouncilAndy Cvengros Jeff Groh Curt Holcomb Wendy McArthur Mark Bauer Matt Landek Conan Lee James Quinn Americas Capital MarketsCarl Beardsley Research at JLL JLLs res
105、earch team delivers intelligence,analysis and insight through marketleading reports and services that illuminate todays commercial real estate dynamics and identify tomorrows challenges and opportunities.Our more than 550 global research professionals track and analyze economic and property trends a
106、nd forecast future conditions in over 60 countries,producing unrivalled local and global perspectives.Our research and expertise,fueled by real-time information and innovative thinking around the world,creates a competitive advantage for our clients and drives successful strategies and optimal real estate decisions.Muhd SKari Beets