{"id":93189,"date":"2023-06-27T15:58:43","date_gmt":"2023-06-27T14:58:43","guid":{"rendered":"https:\/\/www.intelligentcio.com\/eu\/?p=93189"},"modified":"2023-10-02T14:52:07","modified_gmt":"2023-10-02T13:52:07","slug":"top-european-data-centre-markets-on-track-for-record-year","status":"publish","type":"post","link":"https:\/\/www.intelligentcio.com\/eu\/2023\/06\/27\/top-european-data-centre-markets-on-track-for-record-year\/","title":{"rendered":"Top European data centre markets on track for record year"},"content":{"rendered":"\n<p><em>Global real estate advisor, CBRE, has predicted the top European data centre markets that are expected to be responsible for the majority of demand this year.&nbsp;<\/em><\/p>\n\n\n\n<p>It is expected that there will be a record amount of take-up in Frankfurt, London, Amsterdam, Paris and Dublin (FLAPD) data centre markets in 2023, according to the latest research from global real estate advisor, CBRE.<\/p>\n\n\n\n<p>CBRE expects there to be 480MW of take-up across FLAPD markets in 2023, with more than half (56%) to materialise in Frankfurt and London. Hyperscalers are expected to be responsible for the majority of demand this year despite weaker economic conditions and slowing growth of their respective cloud operations. &nbsp;<\/p>\n\n\n\n<p>As a result, a comparable level of supply will be delivered to accommodate this. CBRE expects operators to deliver 524MW of capacity in 2023, with a flurry of notable megaprojects due for completion in London, Paris and Frankfurt in the second half of the year.&nbsp;<\/p>\n\n\n\n<p>This follows a muted Q1, with just 2.9MW of supply coming to market, the lowest amount of new supply delivered in any given quarter for over 11 years.&nbsp;&nbsp;<\/p>\n\n\n\n<p>The lack of new supply coming to the market had a direct impact on demand in Q1, with take-up dropping to 28MW, a fraction of total take-up from the previous quarter (202MW). More than half of Q1 take-up was realised in London (17MW) with a single hyperscaler deal accounting for the majority of this.&nbsp;<\/p>\n\n\n\n<p>Kevin Restivo, Director, European Data Centres Research at CBRE, said: \u201cWe expect momentum to gather over the year in the FLAPD markets as operators deliver facilities to meet growing levels of demand. As a result,&nbsp;we are on track for unprecedented levels of new supply this year, much of which we expect to be pre-let to single tenants, notably in the tech sector.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global real estate advisor, CBRE, has predicted the top European data centre markets that are expected to be responsible for the majority of demand this year.&nbsp; It is expected that there will be a record amount of take-up in Frankfurt, London, Amsterdam, Paris and Dublin (FLAPD) data centre markets in 2023, according to the latest [&hellip;]<\/p>\n","protected":false},"author":21,"featured_media":93194,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,18793,1489,62,93,24],"tags":[12232,18818,8,14087],"class_list":["post-93189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-data-centres","category-europe","category-insights","category-regional-news-newsletter","category-top-stories","category-used","tag-cbre","tag-data-centre-markets","tag-europe","tag-predictions"],"acf":[],"publishpress_future_workflow_manual_trigger":{"enabledWorkflows":[]},"_links":{"self":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/93189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/comments?post=93189"}],"version-history":[{"count":7,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/93189\/revisions"}],"predecessor-version":[{"id":93774,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/posts\/93189\/revisions\/93774"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media\/93194"}],"wp:attachment":[{"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/media?parent=93189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/categories?post=93189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.intelligentcio.com\/eu\/wp-json\/wp\/v2\/tags?post=93189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}