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FEATURE


However, to remain competitive, landlords need to differentiate their building. One thing we have really seen is that buildings which house a combination of flexspace, serviced space, and traditional office space are attracting businesses on both shorter and longer-term leases because tenants want access to that flexibility for when their business grows.


That’s where joint ventures come in. It’s a considerable risk to start offering flexible workspace without experience, so landlords are partnering with operators who can lend their expertise, sharing both the risk and the profit of the venture. It’s vital, however, that landlords use operators with the right kind of expertise – that is, expertise in managing buildings of a particular size, location, and so on. As the market becomes increasingly competitive, this is what landlords will need to consider.


Is the premium placed on ‘smart’ builds increasingly spreading out


from London to other regions? Richard Morris: Demand is definitely increasing across the country and that’s a key reason why we are seeing this transition from traditional London HQs to a hub and spoke model – businesses are recognising the benefits of having bases outside London. Many home-workers miss the office, but few miss the commute, so why not use a network of flexible office space closer to home? With the right technology in place to connect footloose workers, sharing the same physical location is less important.


How will 5G impact the need for


fibre connectivity? Rory Young: Our built environment will get a big wakeup call when 5G is rolled out and this is something landlords need to embrace now. 5G runs at a much higher frequency than 4G, so those buildings still struggling with 4G today will really struggle with 5G. Fibre connectivity won’t become obsolete, but it will be increasingly important for landlords to flex-up their portfolios’ capacity for 5G.


“With the right technology in place to connect footloose workers,


sharing the same physical location is less important.”


We need to help landlords understand the issue now, so they can prepare for when 5G is rolled out. The future will be a combination of fixed wireless, fibre, and 5G, but landlords generally need to keep abreast of new technology to ensure their portfolios remain profitable. Tenants want their tech working from day one, and landlords will have to provide that.


www.technologywithin.com/


www.tomorrowsfm.com


TOMORROW’S FM | 39


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