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Issue 1, December 2008


FOCUS INVESTMENT


PARIS


Total take-up this quarter in the Paris market was 2,010 sq m which was fully apportioned to the CNH market and was entirely made up of retail transactions. Overall availability stood at 23,830 sq m, a drop on last quarter of 1,110 sq m. We have seen a steady decline of availability since the last big surge of stock buildout in Quarter 4 2006. Availability in Quarter 2 was made up of 18,770 sq m (79%) shell & core space, 4,840 sq m (20%) was fully-fi tted space and 220 sq m (1%) was


central services space. We are aware of a number of wholesale transactions which are likely to complete in Paris by the end of 2008 and as such we expect to see new facilities brought to market next year.


MADRID


Madrid continued its increased levels of take-up reporting 790 sq m in Quarter 2. This represents an increase of 18% on Quarter 1. All of the reported take-up was in the CNH market, and was entirely made up of retail


transactions. Availability stood at 12,260 sq m which was apportioned as follows: 9,240 sq m (75%) was central services stock; 2,230 sq m (18%) was fully-fi tted stock; and 790 sq m (6%) was shell & core stock. The vacancy rate stood at 36.48%, reduced from 38.10% the previous quarter. The fully-fi tted vacancy rate was 14.09%. 


ONLINE www.cbre.eu/datacentres


Table 1: total take-up analysis Graph 1: cnh vacancy rate (%) per tier 1 market


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