High Speed Internet And Real Estate
High Speed Internet access is having an impact on commercial real estate professionals. Not that long ago professionals from this industry were aware of little need for this type if internet service, but are now seeing the value this technology has in terms of business operations and marketing. No longer is the cost as prohibitive as was the case in the early days of broadband internet.
As well, it is much easier to obtain the service, due to the fact that service providers are pushing hard to expand their service areas. Although the cost of broadband internet service varies from region to region, in general, service packages through local providers are available to fit almost any budget utilized in a commercial real estate office.
What is most important to consider is the plethora of resources that become available through the use of this type of internet technology. Many of the website applications that have been employed to market commercial real estate properties have been virtually impossible to use when only dial-up modem technology was available. Broadband internet has the capacity to seamlessly stream data involved in 360-degree virtual property tours, Internet meetings, video clips, and digital aerial photography applications.
As well the ability to view video clips over the internet with high speed access is having a tremendous impact on the ability to show properties to potential buyers. It saves considerable time and cost to show properties this way, and reaches a much greater base of buyers than with traditional marketing methods. Not only that, but it helps to narrow down the base to much more qualified potential buyers.
The bottom line is that High Speed Internet allows commercial real estate professionals to view properties and show properties online without the cost of leaving the office. As the cost of this type of internet access decreases with wider acceptance of the technology, commercial real estate offices will see their overhead costs come down even more.