X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Landlords should seriously consider wiring office buildings if they are to gain a competitive advantage, according to Weatherall Green & Smith Associate Director Nigel Almond. The market is changing for good, despite the recent falls in the stock market, rising debt levels in the telecoms sector and the overall economic slowdown across the globe, he said.

Speaking at the RICS Foundation’s Cutting Edge conference in Oxford, Almond said research had identified how a number of large property companies are already adopting strategies to provide telecommunications as standard within office buildings, as a response to developments in the US. ‘In embracing such initiatives, companies will benefit from a first mover advantage, including potential higher investment values, increased income, fewer void periods and tenant loyalty,’ he said.

‘With more traditional firms now embracing broadband communications, the potential exists to extend the traditional role of landlord and tenant through the supply of telecommunications and related services. There are, of course, a number of potential pitfalls which need consideration in the decision process,’ Almond said.And he warned the impact would not just be felt in the office sector offices either; with industrial, retail, hotels, leisure and residential properties all likely to be affected.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.