Blade Watch

http://www.finextra.co.uk/fullstory.asp?id=18689

Cutbacks by capital markets firms in London are hitting the data centre market says real estate agency CB Richard Ellis, which reports zero corporate take-up and “abnormally low” activity in the first quarter of 2008.

CBRE ascribes the dip in a normally buoyant market to uncertainty in the financial services sector as IT budgets come up for review.

Andrew Jay, head of technology practice group, CB Richard Ellis, comments: “This has been the lowest quarter for take-up in London since the emergence of the corporate market in 2004. London has been significantly affected by the current financial climate due to the large number of financial services companies in the market.”

Check out this article about the affect on the demand for data center space as a result of the ‘credit crunch’ or trading conditions in the city. It’s going to be one of those things that is dependent on a number of things, including your business and data center state. If your data center is full, if you need more capacity for that trading platform or as part of a consolidation project, you’re unlikely to stop the project. What you might find is that there is less investment, less data center acquisitions in terms of wants, and more on the basis of need. That I’ll take that new data center for my grid project, for my business continuity, but only if it’s linked to a business strategy, to the business need. An interesting read, do check it out.

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