Sydney, along with Tokyo and Mumbai, has fallen out of the global top 10 established data centre markets. Cushman and Wakefield’s Alex Moffatt says it is thanks to cost and land availability.
Australia’s data centre market has gained significant momentum following the recent US ruling that grants Australia privileged access to Nvidia AI chips.
Property companies see AI’s potential but are taking a cautious approach to implementation, with a skills gap acting as a barrier, according to the latest Yardi/Property Council Property Technology Report.
At $9,630,000 per megawatt, Australia remains the third most expensive location in the APAC region for data centre development as nearly $25 billion is needed to build out the existing pipeline.
Centuria and ResetData will launch Australia’s first sovereign AI factory in Melbourne this year, transforming unused office space. Centuria Joint CEO Jason Huljich says it’s already delivering benefits.
In a major step toward modernising and streamlining the property sector’s approach to technology, the Property Council of Australia has officially launched its Technology and AI Roundtable.
MRI’s Director of Strategic Partnerships for APAC, Dr Sarah Bell, recently sat down with industry leaders to discuss the potential for Artificial Intelligence (AI) technologies to transform the commercial real estate sector.
Achieving a unified approach to climate-related data comparison is crucial for Australia’s efforts to address its climate change targets. To support this, the Australian Government has recently introduced Climate Related Financial Disclosure (CRFD) reporting.