"Savills puts this down to the limited availability of new facilities coming to the market, rather than a lack of demand. The underlying strength of demand, it said, is reflected in the total contracted power capacity, which has risen to nearly 14,500MW, up 12% year-on-year. Around a quarter of take-up is now pre-let compared with less than 20% three years ago."
"As a result, occupancy rates across the region have climbed to 91% in the third quarter this year, up from 87% in the same quarter in 2022. "The persistent imbalance between surging demand and restricted supply continues to underpin rental values. Following three years of sharp increases, average rents have stabilised across the region," said Cameron Bell, director, EMEA data centre advisory at Savills."
""Nonetheless, with accelerating AI-related requirements, rising energy costs, and sustained construction inflation, further upward pressure on pricing is widely anticipated for the rest of 2025 and beyond.""
Only 850MW of power capacity has been delivered across EMEA since the start of the year, down 11% year-on-year. New take-up this year reached 845MW, roughly half the power capacity leased in 2024. Total contracted power capacity has risen to nearly 14,500MW, up 12% year-on-year, and about a quarter of take-up is now pre-let. Occupancy rates climbed to 91% in Q3 this year, from 87% in Q3 2022. Average rents have stabilised after three years of sharp increases, but accelerating AI demand, rising energy costs, and construction inflation are expected to push prices higher.
Read at IT Pro
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