Despite weaker economic conditions, the top European data center markets are on track for a record year, with demand largely driven by hyperscalers, according to CBRE.
The Frankfurt, London, Amsterdam, Paris and Dublin (FLAPD) data center markets are expected to see a record amount of take-up to the tune of 480 megawatts in 2023. More than half of that is expected to materialize in Frankfurt and London alone. CBRE also expects operators to deliver 524 megawatts of capacity in 2023, with a slew of notable megaprojects due for completion in London, Paris and Frankfurt in the second half of the year.
This follows a muted first quarter, which saw 2.9 megawatts of supply coming to market — the lowest amount of new supply delivered in any given quarter for more than 11 years.
“We expect momentum to gather over the year in the FLAPD markets as operators deliver facilities to meet growing levels of demand,” said Kevin Restivo, director, European Data Centres Resea