The number of cell towers is rapidly increasing in the United States and around the world.
Think about it. More and more people are starting to integrate smartphones into their daily lives – and phone companies like AT&T and Verizon are given an incentive to reach out to as many potential customers as possible.
It’s no secret that the use of cellular data has become a necessity in the information age we’re living in. And although many people in the United States have great cell coverage already, even more people from rural areas do not.
Since many such rural areas are lacking in towers, the big companies are starting to step in. Cellular providers are now constantly securing property to set up brand new towers to meet the exploding demand.
This is good news for anyone who uses cellular data – which is pretty much everyone. It’s also good for potential investors like you.
Cellular companies aren’t always massive. They don’t have to be AT&T and Verizon. In fact, niche markets in rural areas also mean that smaller, lesser-known cellular companies also exist. This could provide an excellent opportunity for a person looking to lease or rent tower space.
In fact, smaller companies are even more of an opportunity than bigger ones. Less red tape and paperwork – and often, a greater chance of securing a deal if they want to lease a tower.
Such an explosion in demand by cellular companies – whether big or small – ultimately ends up being good for anyone who has tower space to rent.