Connected Real Estate Magazine - Vol 2 Issue 1 - 21
A VIEW FROM THE TOP
That small property that I mentioned earlier was a small cell build.
The economics of a base station and a full in-building DAS didn't
make sense for something that's 100,000-square-feet or so. DAS
equipment manufacturers are trying to bridge the gap between a
single small cell and a neutral host, full-blown DAS. The transport
would just be a good-quality internet line as opposed to bringing
in all the typical fiber transport. I think the technology is evolving to
where the footprint will be much smaller and the equipment will be
less expensive to acquire, install and maintain. If we can bring those
numbers down and still have the flexibility to have multiple hosts
there then it is a win-win for us.
Looking ahead, there's a lot of industry interest in edge
computing--bringing compute and storage equipment
closer to end users--as well as topics like 5G, which is still
being standardized. What's your take?
We've been working very closely with our NY Operations group in
order to greatly expand the selection of carriers and ISPs throughout our
portfolio. It's a great play for the tenants and a great play for Vornado.
We think that having them invest their infrastructure in our portfolio
beyond what's there today is a natural, organic growth. We want to
bring valuable, yet pragmatic, technology into our portfolio that will
differentiate us from our competition. Having our buildings being
on-net with direct fiber connectivity to our national partners will put us
in a position to offer new, cutting-edge technology to our tenants at costs
that should sustain property innovation. As it relates to 5G, that's still an
emerging technology that we'll keep a close eye on to see how it fits
into the commercial real estate space. Our partners have invested tens
of millions of dollars in our portfolio and we both have an interest in
harvesting those investments for many years to come."
Editor's note: Our goal at Connected, by way of insightful, topical coverage of the
telecom industry presented in a manner that speaks to CRE professionals, as well
as conversations with industry leaders like Nick, is to help our readers understand
how nascent technologies like edge computing and 5G will impact commercial real
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