Boosting real estate value with in-building wireless connectivity
Remote working and industry digitization has accelerated demand for robust connectivity in the workplace. In-building wireless solutions can address this need, but what is the technology of choice for real estate owners? And what challenges does the sector currently face?
The need for enhanced broadband capabilities
Legacy network infrastructure cannot cope with the increased demand anymore. Also, extending existing public connectivity proves to be a challenge. 5G can seamlessly address these issues with its enhanced mobile broadband capabilities.
Cost and capacity advantages
Current connectivity technologies do not satisfy the current requirements for in-building connectivity. Cellular technology is recognized as less expensive to deploy, easier to implement, and capable of keeping up with upscaling needs.
Prioritizing better connectivity
High investment barriers and an immature device ecosystem are the main challenges in bringing 5G connectivity to building owners. However, tenants of commercial buildings are ready to pay a higher rent in return for better in-building connectivity.
Enhanced bandwidth capabilities
In the commercial real estate market, which predominantly consists of office buildings and so-called “carpeted” spaces, 5G has the capabilities to provide commercial customers and tenants with increased levels of connectivity.
A hybrid cloud solution
With the rising importance of the cloud as a place for data storage, analysis, and processing, combining public and private cloud elements has become increasingly popular within commercial real estate companies.
Ideal partnerships for 5G in-building wireless connectivity
Even though the advantage is on the side of existing supplier relationships, real estate companies are open to working with new service providers, particularly with neutral hosts.