Knight Frank – Data Centres Emerging Markets Report, 3Q 2024

The report by Knight Frank "Data Centres Emerging Markets Report" explores the evolving data centre landscape in Berlin. Berlin, Germany's capital, is becoming a strategic hub for data centres, following major investments by tech giants like AWS and Google. The AWS European Sovereign Cloud initiative, with a €7.8 billion investment, highlights the city's growing importance in the cloud infrastructure sector. In 2024, Berlin's data centre supply surged by 38%, driven by significant projects from Maincubes and NTT GDC. Despite robust demand, take-up has been limited due to low vacancy rates and a fully pre-let construction pipeline. NTT GDC leads Berlin's colocation market, while future growth is dominated by VIRTUS Data Centres.