Renovating commercial assets is a balancing act involving tenant needs, asset value, and available capital. Prioritize major physical repairs (structural, HVAC, MEP, and safety) along with upgrades vital to tenants (lobbies, restrooms, tenant common areas). This will help stabilize the property and generate cash flow. Then, pivot capital towards strategic investments and improvements. Such as sustainability, curb appeal, additional base building systems, and landscaping.
Are you frustrated by dropped video calls and sluggish internet on construction sites or in tenant amenity spaces? I recently set up a Peplink wireless router, which made me consider its potential use cases in construction and Commercial Real Estate.
Unlike simple hotspots, devices from Peplink and Cradlepoint can create large mesh networks, offer customizable security protocols, and leverage multiple internet connections simultaneously (combining cellular connections and even satellite). This translates to powerful Wi-Fi almost everywhere.
Construction Use Cases:
Seamless Video Conferencing: Eliminate dropped video conferences! Entire teams can join meetings, share screens, and collaborate effectively.
Real-Time Access to Information: Instantly download the latest plans and share progress photos with the entire project team.
Enhanced Collaboration: Improve communication and decision-making with reliable internet access for all team members.
Commercial Real Estate Advantages:
Rapid Tenant Connectivity: Quickly deployable internet connectivity can expedite the opening of new facilities.
Backup Internet Solutions: Ensure business continuity in properties with limited carrier options.
Extended Amenity Wi-Fi: Easily provide internet access in common areas that are difficult to wire traditionally.
What are your biggest connectivity challenges in construction or commercial real estate? Have you explored advanced wireless solutions? Share your experiences and insights in the comments below!