#None #commercial real estate #Connectivity #Boldyn Networks

Connectivity Emerges as a Top Priority in Commercial Real Estate

In the competitive world of commercial real estate, a new survey from Boldyn Networks has unearthed compelling insights regarding the preferences of business leaders. The report, titled 'Location. Location. Connectivity.', indicates that Wi-Fi and cellular connectivity have become crucial factors influencing leasing decisions—more significant than pricing and even amenities.

Conducted among over 2,000 business leaders in the US and UK, the findings show that while location still holds the top spot in priority ranking, reliable connectivity is now a close second. This shift highlights the urgency with which contemporary businesses view the need for dependable internet and mobile services in their office spaces.

The Shift Towards Connectivity

The study's statistics are quite revealing: 79% of US and 77% of UK business leaders anticipate moving their operations to a new facility within the next five years. The demand for improved connectivity options reflects a growing understanding that seamless internet access directly impacts productivity. A staggering 96% of respondents from the US and 94% from the UK indicated they’d be willing to pay higher rent for better connectivity options.

As Jason Caliento, Chief Commercial Officer at Boldyn, pointed out, "Today's leading property owners recognize that effective connectivity is vital to their tenants' day-to-day operations. By investing in superior network infrastructure, they are playing a pivotal role in enhancing workplace productivity and worker satisfaction."

The Rise of Smart Buildings

Another interesting facet from the research is the rising interest in smart building technologies. About 90% of surveyed leaders in both the US and the UK expressed belief in the positive implications of smart systems for their business. This trend aligns with the global market expectation for smart buildings to soar, potentially reaching $568.02 billion by 2032 due to the increasing integration of technology and sustainability.

With real estate being a substantial contributor to global carbon emissions, the emphasis on smart technologies as a pathway to sustainable solutions cannot be overstated. Gearoid Collins, Commercial Director of Real Estate at Windfarms in the UK & Ireland, highlighted that the shift towards net-zero buildings by 2030 necessitates smarter spaces. Furthermore, it aligns employee expectations with the demand for environmentally considerate and technologically seamless workspaces.

Conclusion

As we move forward, the insights gleaned from this study underscore an essential transformation within the commercial real estate landscape. Connectivity is not merely an optional amenity; it has asserted itself as a primary deciding factor in office leasing decisions. Property owners and developers must acknowledge this evolution and invest in the advanced network solutions that can meet these new expectations. In doing so, they will not only cater to businesses today but also pave the way for an adaptable and innovative work environment in the future.

For more information about the study by Boldyn Networks, you can access the full report here.