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

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CUSHMAN & WAKEFIELD

DAT