Many regions across the country are seeing a building and redevelopment boom in commercial real estate. Cities like Dallas, where Global Capacity recently launched its metro fiber ring, are seeing growth as new owners are revamping existing towers and creating a multi-faceted city center. Improvements including common area upgrades, new smart utility systems, and modernized technology are attracting tech startups and entrepreneurial firms. Network connectivity also plays a critical role in the real estate boom, whether it is connecting people or machines.
Today, we demand everything from TVs, to phones, to automobiles to be “smart” and have the ability to connect to other devices or networks. The structures that we live and work in are no exception. In the commercial real estate market, added pressures from tenants and prospects are driving owners, developers and architects to integrate smart technology into their buildings in order to differentiate their properties and increase ROI. According to IDC Energy Insights, companies worldwide spent $5.5B on intelligent buildings in 2012, and the figure is expected to rise to $18.1B by 2017 – a 27.1% compound annual growth rate. So what exactly is a smart building and why is having the right network connectivity solution so important?