Recent research indicates that robust internet and cellular connectivity are now more critical than cost and amenities when businesses choose office spaces.
LONDON, Jan. 14, 2025 — A new study shows Wi-Fi and cellular connectivity are paramount for companies selecting new locations. The report, ‘.’, surveyed over 2,000 business leaders in the US and UK, revealing connectivity surpasses price and amenities in lease decisions. While location remains the top priority, strong Wi-Fi is a close second, followed by cellular connectivity. With a significant portion of businesses (79% in the US/77% in the UK) planning to relocate within five years, this highlights the rising importance of dependable connectivity for commercial tenants.
Connectivity’s influence extends beyond leasing. The report indicates that 80% of surveyed business leaders believe seamless connectivity directly boosts employee productivity. In fact, reliable connectivity is so crucial that almost all respondents (96% US/94% UK) would pay higher rent for enhanced connectivity.
“To meet tenants’ connectivity needs, leading property owners are prioritizing network infrastructure. Excellent connectivity drives business operations, improves productivity, and increases employee satisfaction,” stated Jason Caliento, Chief Commercial Officer, US. “At Boldyn, we partner with forward-thinking real estate owners and developers who recognize the value of investing in advanced network solutions. We collaboratively design, build, and operate custom network solutions to meet their long-term connectivity requirements.”
The demand for smart building technologies is also increasing. Nine out of ten US and UK business leaders believe smart building systems benefit their business and enhance the tenant experience.
The global smart building market is projected to reach significant growth,
driven by the need for sustainable, technologically advanced spaces. Given real estate’s environmental impact, smart technologies—dependent on robust connectivity—will play a vital role in creating a more sustainable future.
“As the UK strives for net-zero emissions in all new buildings by 2030, smarter, connected buildings will significantly help businesses reduce their carbon footprint, optimize energy usage, and improve operational efficiency” said Gearoid Collins, Commercial Director, Real Estate, Enterprise, Windfarms, UK & Ireland. “Employee expectations are shifting towards smart and sustainable workplaces. We prioritize ensuring business connectivity supports new services and applications that will transform how we work now and in the future.”
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