Real estate firm CBRE offers its Q2 breakdown of data center supply and take up for Europe in its regular report. Here some of the main findings:
An improvement to the economic outlook across the eurozone is serving to restore some business confidence in the second quarter. Data centre operators are beginning to see the result of a more optimistic corporate view with a rise in new enquiries. The opinion that an outsourced IT solution is
able to deliver improved cost efficiency is proving attractive to cost-conscious companies. Consequently, renewed interest from corporate occupiers combined with enquiries from technology service providers is providing a promising outlook for data centre operators.
The forecast slowdown in supply growth for this year is proving to be accurate with operators consolidating their position following last year’s record increases. Vacancy rates remain at a stable 15.3% with a gradual decline expected in the short term. The supply pipeline beyond this year indicates that 35,000 sq m could come to market in 2014.
The report is available for download after the following link.