Need for tech space continues despite industry shake-out.

Even as Wall Street continues to Shake-out underperforming dot-coms and funding for these types of start-ups begins to dry-up, there remains a need for telecommunications hubs to service all types of business, both traditional and high-tech.

And just as the number of dot.com tenants will be pared down by market and business realities, we believe that development and ownership of the new class of high-tech property associated these tenants will eventually consolidate to those with the experience and dedication to evolve with emerging technology.

The telecommunications industry is evolving and going through cycles that will contract and eventually grow even larger than before. Traditional companies will begin to require the same technology of telecom tenants.

Location, including proximity to central business districts, major transportation hubs and scarce fiber optic corridors, will always be a major factor in determining the best location for dotcom, telecom and other high-technology related tenants in the 21st Century.

JEMB Realty's NY Telecom Exchange @ 75 Broad Street in Manhattan, NJ Telecom Exchange in Newark, N.J., Atlanta Telecom Exchange and Technology Center of Scottsdale in Arizona have quickly become the ultimate models for telecom buildings, providing tenants with the most advanced high-speed connectivity, back-up systems, generator farms, fuel distribution and security systems currently attainable.

For these reasons, telecom tenants are quickly filing in and drastically changing the traditional tenant profile in central business districts and nearby suburban markets from coast-to-coast. Moreover, the amount of equipment installed and operated by each tenant greatly reduces any probability of relocation in the near future and secures the continued success of this and other properties like it. The mix of potential tenants has shifted, now producing a wide array of telecom tenants looking for these characteristics.

In response to this growing need, JEMB Realty established an office Telecom and Technology division to provide its expanding tenant base with the full range of resources -- both in space requirements and engineering requirements -- they need to optimize their potential. These growing firms are broadening their horizons, and working with JEMB, targeting cities across the nation to expand this technological revolution.