Market Review
Paris
Total take-up this quarter in the Paris
market was 5,120 sq m which was
entirely in the CNH market. Of the
5,120 sq m of take-up this quarter,
2,380 sq m (47%) was from the
technology sector, 1,560 sq m (30%)
was to system integrators, 700 sq m
(14%) was to corporates and 480 sq
m (9%) was in retail transactions.
2007 was a quiet year for the Paris
market due to the restrictive supply
issues outlined in the previous
bulletin. These restrictions have now
eased and consequently we are
seeing take-up increase.
Overall Paris availability stood at
24,940 sq m, a drop on last quarter of Graph 5: Distribution of CNH availability by market segment
340 sq m (1%). Availability was made
up as follows: 18,770 sq m (75%) was
shell & core space, 5,950 sq m (24%) in 2004 at 2,570 sq m. The following and as such the market has not
was fully-fitted space and 220 sq m year saw a dip in demand with 760 sq been underpinned by the types of
(1%) was central services space. m of take-up. Since then there has large wholesale transactions we
been a gradual rise in the amount of have seen elsewhere. That said,
Madrid take-up per annum. in 2007 we began to witness
Madrid has had its most successful indications of demand from the
first quarter since we began recording This inconsistency in the take-up Spanish capital’s corporate
quarterly take-up in 2004. Take-up this profile is illustrative of the relative community increasing,
quarter was 670 sq m which was immaturity of the Madrid marketplace. and as such we are more optimistic
entirely made up of retail transactions. Transactions in the Madrid market about Madrid’s medium term
Take-up over the last two quarters has tend to be small (200 to 400 sq m) performance.
been more than the whole of 2005
and 2006.
Madrid is the smallest of the Tier 1
European Data Centre markets . Total
carrier neutral stock stood at 34,280
sq m at the end of Quarter 1. This is
because although Madrid is the
administrative capital of Spain, the
commercial and corporate
communities are more disparate, with
both Madrid and Barcelona as key
bases.
As such, Madrid has a relatively small
corporate occupier rate compared to
other tier 1 cities.
Take-up in the Madrid market peaked Table 1: Total take-up analysis
32 | DATA CENTRE SOLUTIONS | www.datacentresols.com September 2008
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