Technology sector demand drives data centre take-up across Europe
Growth in demand by Technology, Media and Telecoms (TMT) companies has led to the sector accounting for more than half (54 per cent) of all data centre take-up across Europe over the last 12 months, according to new research from global property adviser CBRE.
CBRE’s quarterly European Date Centre ViewPoint analyses the five tier one data centre markets across Europe – London, Paris, Amsterdam, Frankfurt and Madrid. The research found that exposure to the Eurozone has impacted demand in all major markets in 2011 to a varying degree. Despite wider concerns, Amsterdam and Frankfurt both saw demand grow last year with take up in London, Paris and Madrid bearing the brunt of weakened corporate activity. CBRE expects demand across Europe in 2012 will be similar to 2011, which saw a total of 47,105 square metres of data centre space transacted last year.
Amsterdam in particular has benefitted from this increase experiencing a rise in data centre take-up of 30 per cent during 2011. London has also seen a significant rise in activity by the technology sector, mirrored by demand for office space, with the TMT sector accounting for 1.8 million square feet (equating to 18 per cent of total London? office take-up) in 2011.