What Is the One Question Every Tenant Should Ask the Landlord Before Renewing a Lease?

So, your company is thinking about leasing or purchasing a building. One of the first things you need to ask yourself is not, "How much space do we want to lease?" but instead, "How intelligent a building do we need?"

Building Intelligence Quotient (BIQ) is a term coined by James Carlini. In 1985, Carlini developed the Carlini Building Intelligence test to measure and quantify the amount of information, communications and automation technology within a building based on its location, occupancy and use.

In his article "Building Intelligence: What's the IQ of Chicago's UBS Tower?" Carlini says that now, 23 years later, it's not so much WHAT technology a building possesses, but HOW it's connected and used.

The old real-estate adage of "Location, location, location" has become "Location, location, broadband connectivity." The Internet and intranets are the lifeblood of companies, and broadband connectivity provides the arteries through which their information flows.

Ten years ago, broadband connectivity wasn't even considered when eying a building for purchase. Now, broadband connectivity of 1 gigabit is critical infrastructure for any building worth leasing or purchasing.

Of course, location still matters, especially when it comes to the building's proximity to the nearest fiber ring. If you get a great real estate deal but are too far away from any fiber, it will cost hundreds of thousands of dollars to build out and reach those fiber rings!

To learn more about how your smart building will benefit from a reliable fiber optic network, contact AFS at 1-866-658-7642 or visit www.AmericanFiberSystems.com.