CBRE Research has release its 4th quarter European Data Center MarketView, with market trends, commentary and analysis for key European locations. The report places Amsterdam at the top of data center take-up activity and contains several interesting trends.
An unusually subdued Q4 has resulted in colocation take-up for 2014 finishing on par with last year at 66MW. A total of 9.8MW was transacted in the final quarter which represents the lowest amount in a Q4 period since 2005. We ascribe this to a number of deals being completed earlier in the year and also a number of transactions failing to complete in the the quarter. When viewing the year as a whole the 2014 total remains 8.7% higher than the five year average of 60.6MW. This highlights the strong transaction activity in the preceding quarters during which the level of colocation take-up remained above the respective five year trend.
Some other report highlights:
- Colocation take-up in major European markets totalled 66MW in 2014. This is on par with 2013 and 8.7% above the 5-year average.
- Highest colocation take-up (22.3MW) was seen in Amsterdam in 2014, representing a 97% increase on 2013.
- Telecommunications, Media and Technology sector is responsible for 80% of European take-up as continued growth in cloud technology drives market requirements.
- A number of new facilities opened during the course of the year causing availability to reach an all-time high at 152.7MW at the year-end 2014.