Tentative Recovery for European Market

Data Center Knowledge (May 31 2011)

1. Demand for carrier-neutral data center space in top European markets remains “tentative,” but a gradual recovery is leading to absorption of available supply, setting the stage for new construction in key markets, according to the latest quarterly market analysis (PDF) by real estate firm CBRE. “When compared to the same period in previous years, total market take-up remains very much close to the long term average,” CBRE writes. “As such, whilst we feel sentiment in the market has shown improvement from last year, a degree of caution still remains, particularly surrounding the fragility of growth prospects for the respective European economies.” (Read Full Article)

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