Verizon will build a private 5G network for the asset manager BlackRock at its new Hudson Yards headquarters in New York City, marking the first U.S. commercial office 5G contract for the telecom giant. Verizon says the 5G tech can replace Wi-Fi for BlackRock and give them the ability to use next-generation computing applications like virtual reality, edge computing, and enhanced security management and monitoring.
New York-based Verizon is racing with other carriers like AT&T and T-Mobile to get businesses signed up for their 5th generation mobile network. The 5G network for BlackRock will be installed in the 15 floors of the new 50 Hudson Yards tower the company plans to occupy in Manhattan’s West Side later this year or early next year.
5G is a significant step forward in the evolution of cellular network connectivity, and it’s been hyped up for a few years now. 5G’s higher speeds and ultra-low latency will hopefully lead to new applications for tech like telemedicine, robotics, autonomous vehicles, and much more. For property owners, getting their buildings ready for 5G won’t come without challenges, though. Obtaining reliable mobile connectivity in large buildings has already been a problem, Wireless signals are blocked by various building materials. 5G is broadcast at a shorter wavelength than 4G signal and will only make that problem worse.
As Verizon and other telecom giants roll out 5G in the years ahead, property owners will have to do their part to play. Understanding mobile connectivity in buildings will be informed by radiofrequency scans to determine where signals need to be boosted. Financial and technical solutions are available for property owners who want to build out better 5G connectivity. 5G will help usher in some great new technology uses, but building owners shouldn’t expect telecom carriers to do all the work for them.