Madrid has established itself as the sixth largest data center market in Europe, exceeding 100 MW of capacity. According to JLL's EMEA Data Centre Report Q4 2023, the market in Madrid experienced a 27% growth in the last year, increasing its capacity by 23 MW.
In 2023, capacity demand reached 21 MW, more than double that of 2022. Expectations for 2024 are also positive, evidenced by the pre-leases signed during 2023, which totaled approximately 72 MW.
Over the past two years, the Madrid market has experienced rapid growth, driven by the expansion of large cloud providers that have established new data center regions in the metropolitan area.
“The Madrid market driven by its location, the strength of the telecommunications infrastructure network and by the penetration of renewable energy in Spain is poised to take advantage of industry tailwinds; driven, among other things, by artificial intelligence. We expect the local market to grow significantly over the next few months", commented Jordi Sinfreu, head of Data Centres for Southern Europe at JLL.
Plan to add 58 MW in 2024.
According to JLL's information, a 54% increase in data center capacity is anticipated in Madrid, with the addition of 58 new megawatts (MW) during 2024. In addition, the Spanish capital and its metropolitan area have several projects under construction with a total capacity of more than 130 MW, surpassing established markets such as Dublin.
Among the most significant developments in the coming months is the opening of a new Microsoft cloud region. The company has also revealed that it plans to quadruple its investments in artificial intelligence and cloud infrastructure in Spain during 2024 and 2025, including a new data center campus in Aragon.
On the other hand, the ACS group has communicated plans to build a 50 MW data center on a plot of land of approximately 6.7 hectares. Also, by the end of 2023, CyrusOne announced that it had completed the civil works for its new data center in Madrid.
