Research shows data centre space take-up jumps 18 percent
Research just released by GVA Connect, the data centre specialist division of property adviser GVA, showed UK take-up of data centre space amounted to 830,000 square feet (gross retail area) in calendar year 2013.
"This represented an 18 per cent jump in data centre space take-up over the previous year," said GVA Connect director Charles Carden, adding that the company expected take-up to remain at this level during 2014.
Confirming London's position as a leading international data centre hub, Carden revealed that over three quarters of the 2013 data centre take-up was within the so-called London Synchronous Locations (locations which deliver round-trip latency of under three milliseconds). The second most popular location was Manchester with the remainder of take-up spread across the UK.
Said Carden, "Not only does this research indicate a very healthy increase in data centre activity, the average power requirement - at over 500kw - demonstrates that the majority of these new projects are of a very significant size."
GVA Connect sees these figures as a very sound indicator of continued occupier confidence declaring that this follows-on from the steep rise in both the number and size/power of enquiries they reported in Q4/13.
"We continue to see an increase in serious enquiries from US operators for space in both UK and right across EMEA (Europe, Middle East and Africa)," said Carden.
Availability of great data centre space in the London Zone is illustrated by the availability of new data centres such as the new Gateway in London's West Thurrock (gatewaydatacentre.co.uk). With 86,000 square feet of data halls, up to 50MVA of diverse power, excellent connectivity and 2.0ms round trip latency to the City of London, data centre opportunities like Gateway are available as Shell and Core, Powered Shell or Fully Fitted data centres.
GVA Connect also reports a further rising trend in interest for data centre space from corporate users, cloud service providers and media-related businesses - indicating a relaxation in IT budgets as we move into 2014.
Carden added, "We anticipate enquiry and activity levels remaining steady at this higher level throughout 2014 with transactional activity driven by USA operators in Q3/14 and Q4/14. With GVA Connect being the leading data centre space property agency we are ideally placed to assist with both lettings and acquisitions during what promises to be a high-activity year."