New York City is inching ever closer to rival Silicon Valley as the epicenter of the tech world—and commercial real estate has to match its pace. With more tech start-ups moving to New York, and requiring high-speed Internet to do their jobs—or at least watch cat videos with minimal buffering—the presence of a broadband Internet connection can transform a pedestrian property into a hot commodity.
That’s why fellow Observer Media property The Commercial Observer has launched Wired City, a savvy new channel that explores the intersection of infrastructure, real estate, and broadband Internet. If you enjoy Betabeat’s coverage of New York’s quest for world domination, we think Wired City will be right up your alley.
Put simply, broadband Internet means high-speed Internet—in other words, anything that’s not that annoying dial-up connection you had around the dawn of the interwebs. It encompasses everything from DSL—which transmits information at a relatively slow six Mbps—to the much-desired fiber broadband, which transmits information at speeds up to 150 Mbps.
Because New York is still riddled with pre-war real estate, it can be hard for companies to find spaces outfitted with a broadband—let alone fiber—connection. A little over a year ago, Mayor Bloomberg announced initiatives to kick-start technological upgrades to Manhattan office buildings, including WiredNYC (a certification program that evaluates buildings based on their broadband Internet access) and ConnectNYC (a competition wherein companies can vie for fiber broadband connection), but still, there’s room to grow.
“With the tech sector growing in Midtown South’s Silicon Alley at an unprecedented pace, landlords are increasingly forced to compete with major metropolitan cities to provide 21st century real estate solutions to tenants,” said Jotham Sederstrom, editor-in-chief of The Commercial Observer and Wired City, adding that the current crop of mayoral candidates will also have to make hard choices with regards to the policies surrounding the city’s aging building infrastructure. “Unfortunately, until now, they haven’t had many resources to draw from to get news on technology and infrastructure, which is where we come in.”
Check out Wired City for the latest in real estate infrastructure, tech trends and daily trade news. They’ll also keep you posted on the city’s Internet initiatives—be they Bloomberg’s 2012 tech programs or the mayoral candidates’ future plans.