5G promises to enable new possibilities for the digital transformation in the real estate industry.
FREMONT, CA: Most infrastructures for mobile data networks are out in the open. However, users consume nearly 80% of data inside buildings. Because of that, building owners need to begin planning for the upcoming shift to 5G connectivity. 5G will impact the real estate industry. 5G promises to tap into possibilities for the digital transformation of the public services and global industries, and there are various aspects of real estate that can benefit from this innovation.
The 5G rollout and its implementation in real estate will have a transformative impact on the sector. Property valuation and rent values will be directly impacted by 5G. People today are more willing to pay for connectivity, which is getting prioritized over the traditional aspects of properties such as location. Thus, the enhanced connectivity offered by 5G will boost valuation and property rentals in the positive direction for the realtors. 5G will also offer opportunities for property owners to tap additional sources of revenues. The rising number of receivers and antennas needed for a 5G infrastructure unveils a new means of revenue for property owners.
One area that is going to have immense gain from 5G in real estate is property security. With 5G, it will be simpler and less expensive to connect various cameras and sensors around a property. Such devices can capture higher quality images and transfer them almost immediately. The speed of data transmission will also gain in terms of speed, which will allow the quick transfer of data, such as video data, to enhance security capabilities in properties.
The real estate industry is amid a sea of technological advancements and will have a fair share of that will benefit from the proliferation of 5G rollout.