The colocation data center vacancy rate dropped below 10 percent in Frankfurt, London, Amsterdam, Paris and Dublin (FLAPD) for the first time in second quarter 2024, amid continued strong demand for space.
According to new research from CBRE, take-up (44 megawatts) exceeded new supply (30 megawatts) for the fourth straight quarter and the vacancy rate fell in Europe’s top five data center markets as a result.
The vacancy rate of FLAPD stands at 9.8 percent and is expected to fall to 7.9 percent by year end according to CBRE’s data. If that expectation comes to fruition, it will be the fifth consecutive year the vacancy rate has declined.
Hyperscalers interest in colocation data centers remains particularly high, driven by the need to deliver digital services, as well as keeping sought-after supply away from competitors.
However, providers are finding it increasingly difficult to accommodate given a lack of available power and appropriate land in the
