Asia Pacific Data Construction Cost Guide 2025

MELBOURNE, PERTH & SYDNEY

BEIJING, SHANGHAI, SHENZHEN & TIANJIN

Cost

Cost

Development Example Cost Breakdown (% Dev. Cost Scenario A)

Development Example Cost Breakdown (% Dev. Cost Scenario A)

Cluster Land / Site Purchase Cost

Unit

Cluster Land / Site Purchase Cost

Unit

Low

Mid

High

Low

Mid

High

Beijing E-Town

$ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM $ / SQM

$191

$231

$354 $536 $413 $437 $186 $204 $146 $105

Northern Melbourne

$ / SQM

$465

$725

$919

2% 1%

Changping

$397 $305 $261 $63 $95 $42 $37 $36 $56 $78 $84 $156 $235 $187 $148

$466 $359 $345 $112 $126 $95 $48 $102 $102 $115 $213 $272 $234 $193 $71

Eastern Melbourne

$ / SQM

$703

$779

$963

Fangshan - Daxing

7%

6%

11% 4%

Shunyi

15%

12%

Western Melbourne

$ / SQM

$357

$606

$719

1%

11%

Langfang

1% 8% 1% 1% 10%

Malaga - Wangara

$ / SQM

$178

$292

$406

Tianjin

9%

12%

13%

Zhangjiakou

Northbridge - EW

$ / SQM

$216

$379

$541

Huailai

13%

Greater Western Sydney

$ / SQM

$919

$1,082

$1,352

Zhangbei Nantong Changshu

$56

$655

24%

27%

11%

North Shore

$ / SQM

$1,460

$1,622

$2,055

$311

Sydney CBD

$ / SQM

$2,163

$2,433

$2,650

Jiaxing-Pinghu

$166 $341 $644 $279 $322

Shanghai Baoshan & Jiading

Western Sydney

$ / SQM

$1,298

$1,406

$1,568

Pujiang - Zhoupu South Shanghai

Blended Land Purchase Cost

$ / SQM

$862

$1,036

$1,241

Blended Land Purchase Cost

Cost

Professional Fees / Soft Costs Base Building Interior Fit-Out / Finishes Electrical Systems Mechanical Systems Cooling Systems Fire Suspression & Life Safety Systems Security Systems Furniture & Fixtures

Professional Fees / Soft Costs Base Building Interior Fit-Out / Finishes Electrical Systems Mechanical Systems Cooling Systems Fire Suspression & Life Safety Systems Security Systems Furniture & Fixtures

Construction Cost

Unit

Cost

Low

Mid

High

Construction Cost

Unit

Low

Mid

High

Cost Per Watt

$ Per Watt

$7.60

$9.63

$11.66

Cost Per MegaWatt

$ Per MegaWatt

$7,604,533 $9,632,409 $11,660,284

Cost Per Watt

$ Per Watt

$5.61

$7.11

$8.61

Cost Per MegaWatt

$ Per MegaWatt

$5,613,504 $7,110,438 $8,607,373

Economic Indicators

2022 Rate

2023 Rate 2024 Rate

2025 Rate

Economic Indicators

2022 Rate

2023 Rate 2024 Rate

2025 Rate

GDP Growth Inflation Rate

4.10% 7.80% 3.10%

2.10% 4.10% 4.35%

1.00% 2.40% 4.35%

2.00% 3.30% 3.55%

GDP Growth Inflation Rate

3.00% 1.90% 3.65%

5.30% -0.20%

4.70% 0.80% 3.10%

4.20% 1.40% 2.95%

Central Bank Rate

Central Bank Rate

3.45%

Construction Cost Year Over Year % Change 5.00% Applied Local FX Rate

Construction Cost Year Over Year % Change 4.00% Applied Local FX Rate

1 USD = 1.46789 AUD

IT Rack, Equip. & Cabling (Excl. Active IT Equip.) Land (Excl. Land Infrastructure Leveling Costs)

IT Rack, Equip. & Cabling (Excl. Active IT Equip.) Land (Excl. Land Infrastructure Leveling Costs)

1 USD = 7.09985 CNY

Notes: •

CUSHMAN & WAKEFIELD | ASIA PACIFIC - DATA CENTRE CONSTRUCTION COST GUIDE 2025

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