Do you have a rooftop cell tower lease that needs to be reviewed, extended, negotiated or re-negotiated with Verizon Wireless, DISH Wireless, AT&T, T-Mobile Sprint or U.S. Cellular? Here are 2 things that you need to take away from this site:
So what does this mean exactly? There is greater than a 1 in 4 chance that your rooftop cell site has an existing lease default that can be exploited on your behalf and the rent can potentially be increased or your business terms amended in your favor with the right help, strategy and guidance. This is why rooftop cell site landlords need a Wireless Telecom Lease Genius on their team.
Point number two... since some of the top Wall Street telecom industry analysts read our site blogs and occasionally hire us to pick our brains, we can tell you that it is our professional opinion that rooftop cell tower lease rents will start to come down dramatically in urban areas in the next 5 to 10 years, specifically by 2025 - 2030 due to mass implementation of 5G technologies that will be disruptive to cell site rental payments in densely populated urban areas such as New York City and Los Angeles, then in other metropolitan areas. Will your rooftop cell tower lease and cell site become obsolete or be decommissioned as a result as of these technology changes? The answer is No and Yes.
Many mature rooftop cell sites in the big cities can easily lease for monthly rents of $4,000 to $7,000 by 2025 and are already seeing those prices. The carriers are focusing on lowering their operational costs and saturating the areas where they are bleeding out financially to reach critical mass with technologies such as 5G, small cells and DAS networks deployed on low level rooftops, telephone poles, light poles and street signs, where they pay as little as $100-$200 per year instead of $5,000 per month. Truth be told, every wireless coverage area is different, but the carriers who are utilizing small cell technology to work in conjunction with the existing macro sites , will deploy extra small cells to render very expensive sites obsolete or at least have enough leverage to hit the landlord with a 50% rent reduction. We see this trend unfolding in the next 5 to 10 years.
Tower Genius predicts that in the major metropolitan areas the heavily populated urban areas of "NFL Cities" will see 80% to 90% of their rooftop cell sites become obsolete by 2035 due to 5G and 6G technologies.
As Shakespeare would say, wicked big changes are coming that will be disruptive to rental streams on many urban and suburban rooftop cell sites. Listen to this brief recording by Kevin Donohue, one of our Partners at Tower Genius.
So there are a few options.
1. You can sit and do nothing and collect rent.
2. You can have a rooftop lease audit of your site and see if Tower Genius can identify any strategy to help you obtain more rent for your cell site lease if a viable default exists.
3. You can "say yes" and agree to accept a cell site a rent reduction or rent guarantee offered by one of the bottom feeders of our industry so you can sleep better at night in the false hope that your cell site is "safe".
4. You can get out of the burning theater before the rest of the patrons realize it is on fire and avoid the cell tower stampede and carnage. We estimate that there is a 5 year window (between 2021 and 2026) to safely sell your rooftop cell site lease to a third party investor or tower lease buyout firm before the rest of the herd wakes up and the bottom falls out of the market. But by then it is going to be too late to sell at today's prices. To talk to Tower Genius about your rooftop leasing or rooftop exit strategy please call, 1-888-313-9750 and press option 2 and ask for Kevin or Steve.
Tower Genius has over 50+ years of combined rooftop cellular antenna lease consulting and telecom development experience and literally helped to develop thousands of cell towers and rooftop wireless installations since the early 1990's. If you have questions regarding your existing rooftop carrier antenna lease or regarding a proposed lease, we can help:
Contact Tower Genius about your rooftop cell tower lease, even if your attorney has already reviewed your lease agreement. Chances are they were looking at our site trying to figure out what terms they should be focusing on in the lease, or that they missed a few items. The bottom line is that we are extremely familiar with the technical and telecom language and with the acceptable business terms that the carrier's legal departments will accept, and with what they will not, because we have helped our clients lease so many cell sites. We will review your cell phone tower lease and provide your with the knowledge and expertise that you need to get you through the process, saving you time and money. You have almost NOTHING TO LOSE AND VERY MUCH TO GAIN in the event we find things that your attorney overlooked.
Call a rooftop cell site leasing and consulting expert from Tower Genius today at 1-888-313-9750, from anywhere in the United States.
And by the way... who did the New York Times turn to about rooftop cell tower lease problems? Yup. That was us prior to flaunting our inner telecom genius.