Without a doubt, the wireless industry is a buzz with the growth potential of small cells, particularly in densely populated urban areas where cell towers are not very practical. This growth is great not only for telecommunications’ companies who are in an arms race to provide the best wireless video service, but also for landowners who are in line to benefit from the wireless companies’ capital expenditures.
The term “small cell” covers a range of smaller wireless equipment types that covers an area between 10 meters and several hundred meters. This is in contrast to a cell tower, which can cover an area of several miles. Due to the greatly reduced physical size and targeted cover area, small cells can be inconspicuous and located right in the middle of high wireless use areas. While small cells cannot replace the need for cell towers, the appeal to wireless companies is obvious…they can place their equipment exactly where they need it!
Several companies, such as Crown Castle and Verizon, have been very vocal about their focus on capital expenditures in small cell capabilities. Wireless companies do not always own the small cells they operate on. Similar to a cell tower, often times another company will install and manage the small cell network and allow the wireless company to sublease the right to the equipment. For example, recently Verizon leased the rights to a 400-site small cell network in Boston in order to improve its wireless coverage. For landowners, the bottom line is the same…a company will need to lease area on your property, and you have a great opportunity to turn this need into steady monthly income.
Regardless of what type of company approaches you for a small cell or cell tower site, all landowners’ concerns are the same. You want to achieve a rent that reflects the value of your site while maintaining property rights necessary for you to continue normal operations. The experts at Vertical Consultants are here to assist landowners with all cell site leases, including assisting you with your small cell and DAS needs. Call today for a free consultation to see what we can do for you.
In 2019, Vertical Consultants averaged an immediate 306% increase in rents being received by its clients, and since 2010, has been able to assist its clients in the recovery of over 300 years worth of combined underpaid, and, in some cases, unpaid rents and other expenses that were rightfully due to these property owners located throughout North America.
To learn more about our services, visit https://www.celltowerleaseexperts.com or contact Vertical Consultants at info(at)vertical-consultants(dot)com or 877.456.7552.