The European colocation data center vacancy rate is forecast to fall below 10 percent for the first time in the sector’s history by the end of 2024.
CBRE estimates that the overall vacancy rate will fall to 9.7 percent at the end of fourth quarter 2024, after it came in at 11.9 percent at the end of the third quarter. The advisory firm says the decline in availability is down to two factors. First, providers are having difficulties in securing the necessary resource to build facilities. Second, hyperscalers are taking up large swathes of available space.
There will be an estimated 456 megawatts of available capacity by year end in Europe, marking the lowest year-end total since 2018, when there were 359 megawatts. However, the market was nearly a third of the size in 2018, compared to the predicted 4.7 gigawatts of capacity that has been delivered in Europe at the end of this year.
Take-up regularly exceeds the new supply delivered in most large European metro
