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CBRE publishes European Data Centers Q1 2021

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Europe Data Centres Q1 2021 FINAL

Record start for 2021

  • Data centre providers in the leased data centre market (wholesale and retail colocation) saw record quarterly take-up in Q1. 92MW of take-up was realised compared with 69MW in Q4 2020, which is now the second highest quarter recorded. 92MW is just short of half of the 201MW seen during 2020, the current record for annual take-up.
  • Paris realised more than 40MW take-up, more than Paris has seen in a whole year. The largest year for take-up in Paris was 2018 when 26MW was realised.
  • Some large deals contributed to the high amounts of growth across FLAP – mostly hyperscale contracts each offering close to 20MW or more.
  • 136MW of new supply came online during Q1. This is compared to 173MW that came online during the whole of 2020.
  • The vacancy rate remains stable. While vacancy has decreased in markets such as Frankfurt and Paris, it has risen to around 27% in Amsterdam and 25% in London.
  • Land-banking activity by providers and hyperscalers has been high across all markets.

Market Highlights

  • Digital Realty sold 11 European data centres for $678m to Ascendas REIT, which is sponsored by CapitaLand. The portfolio includes four data centres in the UK, three in the Netherlands, three in France and one in Switzerland.
  • In Paris, AWS’ plans to build a data centre on land it owns in Bretigny-sur-Orge, south Paris, were made public. It could be its first self-build in the market. CyrusOne brought the market’s first large-scale hyperscale build online – a 27MW shell and core.

Download full report here:

Europe Data Centres Q1 2021 FINAL

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