Optimism and new equilibrium in the European Data Center market

PROPERTY MAGAZINE INTERNATIONAL (May 8 2010)

1. UK - CB Richard Ellis, the world’s leading real estate advisor, has announced that the total take-up for 2009 in the European Data Centre market was 48,660 sq m across the five tier 1 markets. This was a significant reduction on the 2008 total of 147,380 sq m. The most notable decline came in corporate activity, which accounted for 59 per cent of total take up in 2008 but just 18 per cent in 2009. Andrew Jay, Head of Technology Practice Group, CB Richard Ellis, said: One of the most interesting developments in the market over the past year is the fact that the market has reached an equilibrium and become self regulating in terms of supply and demand. This is exceptionally unusual for any real estate sector and unique for the data centre market.” (Read Full Article)

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