Cushman & Wakefield RETHINKING: The Shape Of Real Estate 2040
DATA CENTRES
DATA CENTRES FLOORSPACE FORECAST
INDEX (2023 = 100)
As technology develops and becomes more universal across the consumer and business population within the UK and globally, the interest in data centres has also grown considerably. The scale of change in the sector is exceptional – and the rate of expansion is increasing. Rising smartphone usage – estimated to be over 90% amongst UK adults – has enabled on-demand access to and sharing of data at ever-increasing speeds. At the same time, subscriptions to cloud stored content services such as Netflix and Spotify have soared, while e-commerce continues to grow its share of retail sales. BY 2040, DATA CENTRES WILL INCREASE BY 98.8%.
250
200
150
FORECAST
100
50
INDEX
2005
2010
2015
2020
2025
2030
2035
2040
CAGR
TOTAL
VOLUME CHANGE
2005-23
2023-40
2005-23
2023-40
2005-23
2023-40
DATA CENTRES
1.5%
4.1%
30.2%
98.9%
3.8M SQ FT
16.3M SQ FT
RETHINKING: THE SHAPE OF REAL ESTATE IN THE UK
15
CUSHMAN & WAKEFIELD
DAT
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