Cloud & Data Center Convention 2023

GREATER TOKYO AREA Expect Hyperscale Demand Outpacing New Supply Reducing Vacancy to Below 15%

Hyperscale-Occupied Hyperscale - available Occupancy %

200,000

90.0%

87.4%

180,000

88.0%

160,000

86.0%

140,000

84.0%

83.1%

82.6%

120,000

82.0%

80.4%

100,000

79.8%

80.0%

# rack

80,000

78.0%

77.3%

78.0%

60,000

76.0%

40,000

74.0%

20,000

0

72.0%

2020

2021

2022E

2023F

2024F

2025F

2026F

16

Source: Data Center Business Market Survey 2022, Fuji Chimera Research Institute

Cushman & Wakefield