Telecommunications is a billion-dollar global industry that continues to grow, which is why building a cell tower on your land makes good business sense. Investment in rural communities is an essential part of providing everyone with reliable access to mobile phone service. When you have a cell phone tower erected on your property, it will benefit you as well as the telecommunications company. Wireless carriers are focusing more on expanding their networks by renting existing towers than building their own, leaving the market open to investment opportunities for rural land owners.
3 Reasons to Invest in Telecommunications With a Cell Tower
1. The Market Is Expanding
Telecommunications networks have enjoyed tremendous growth, and total mobile device subscribers in the United States now outnumber the country’s population. More cell towers are necessary to keep up with demand, and you can profit from this market boon if you own rural property.
2. A Carrier Wants to Build on Your Land
A telecommunications company typically leases cell towers at intervals of 5–10 years, with options to renew. You can build a tower or make a deal with carriers to lease your land, which will yield high profits. You can expect annual escalation growth of up to 4% annually if you rent out your property. One cell tower has space for up to five tenants, with carriers paying an average of $30,000 per year to use it, so your investment could become profitable quickly.
3. Zoning Approval Is Easier
If you own rural land, it’s easier to receive approval for tower construction. Most suburban communities don’t want towers in their neighborhoods and will protest plans to build one. Owning a vast stretch of vacant land improves your chance of obtaining necessary permits from local officials.
The builders at Marsh Creek in Anchorage, AK, understand the increasing growth of the telecommunications industry. They can help you design and build a cell tower to your installation specifications. Call (907) 258-0050 to speak with a member of their electrical contractor team and visit their website to learn more about their construction, building demolition, and debris cleanup work.