Search
 

Managers, Vendors: Shakeout Reducing Broadband Woes

NEW YORK CITY-Property managers and vendors agree that when the economy was thriving and capital was flowing some poor business models came online and were unable to properly service clients, but the shakeout is eliminating them.

By Amy Vaughn | Updated on April 02, 2001

NEW YORK CITY-In the “only the strong will survive” climate of 2001, vendors and property managers both tell GlobeSt.com that while some broadband vendors have disappointed their clients in the past, garnering a tarnished reputation for the industry, those that have survived will do better. Survivors will have greater numbers of potential clients thanks to the shakeout and be able to capitalize on the continuing demand for their services.

While many building owners complain their current vendors serve them poorly, the industry argues that this issue will begin to fade as the last of the failing companies with poor business models die off. Property manager Michael J. Wolfe, president of Midboro Management Inc., however, tells GlobeSt.com that there still are a “tremendous amount of options before them.”

He says, “a building can’t be sure that the provider they contract will be there for them in the future. Like the dot-coms, broadband service providers are constantly rising and falling. Even relatively established service providers are not bulletproof.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.