Minimising Void Periods With High‑Speed Broadband
By Chaim Grunfeld, the founder and Director of telecoms and connectivity specialists, Prime Connect.
No commercial property landlord or developer wants their building to sit empty. In order to make sufficient return on investment, attracting and maintaining high rates of occupancy is vital. Yet, many still struggle to get tenants in and maintain cash flow, seeing potential clients escape to their competitors, especially when other buildings are better prepared to meet hybrid workplace demands with greater convenience and more reliable services. Thankfully, it’s easy to remedy this solution with one simple connectivity strategy: pre‑installed broadband capacity.
The Fourth Utility
It’s no secret that internet connection has become somewhat of a dealmaker – or dealbreaker in situations where good internet is lacking. Modern tenants demand seamless digital service – with internet being just as important to companies small and large as other vital amenities like clean running water. You wouldn’t expect tenants to move in without these amenities, waiting for the installation of functional electricity, for instance, so why expect them to do this for essential services like broadband?
Speed Sells
Imagine you’re a tenant touring two identical office spaces. Both tick the boxes in terms of size, location and layout – but one comes with fast‑fibre already installed, while the other requires weeks’ worth of waiting for installation. It’s easy to see which one you would choose. Yet this scenario continues to play out daily across office spaces throughout the UK, with numerous properties letting prospective tenants down.
This seemingly small slight causes landlords to lose out on significant income, with the initial investment in pre‑connected broadband being negligible in the grand scheme of things – particularly when so much time and effort has already been invested into developing the building.
Being able to move in and get online immediately is a huge pull, particularly for big businesses likely to stay put for a long time after their move in, given that they can’t afford downtime. Landlords must therefore prioritise broadband, learning to leverage it as their competitive edge and advertising this in their marketing materials. It’s one of the best ways of maximising occupancy rates and minimising void periods.
A Win‑Win For Landlords And Tenants
This capacity, made possible by pre‑installed fast fibre, can help to justify premium rents. Just as energy efficiency or sustainability credentials command higher prices, so, too does superior connectivity.
Investing in quality fibre is just one way that landlords can position their properties to serve tenants well into the future – also adding to resale value, as buildings that are fitted with cutting‑edge broadband are likewise more attractive to new investors. In other words, in a world where internet and digital solutions power almost everything, strong connectivity is an asset.
A Simple Process
Whilst installing fibre might sound daunting, it’s much simpler than many building managers realise. Providers specialising in pre‑connecting properties handle the legwork, ensuring that buildings are fibre‑ready before tenants move in. This proactive approach not only boosts the building’s appeal but also sidesteps potential pitfalls, such as planning delays or infrastructure snags – where certain building features, such as thick walls or many flaws, might hinder connection without forward planning.
Landlords still relying on tenants to arrange their own broadband, on the other hand, risk losing valuable leasing opportunities to their competitors who have already embraced the fibre‑first approach.
Minimising void periods doesn’t have to be difficult. With high‑speed broadband pre‑installed among other top‑quality services, landlords can offer tenants exactly what they want: a space that’s ready for business from day one. It’s a straight‑forward solution to one of commercial property’s trickiest challenges, serving to fill spaces faster and keep tenants longer. In the race to maximise occupancy, the faster your building gets online, the quicker your investment pays off – and that’s a win for everyone.