Will shift to 5G impact real estate?

Self-driving cars, ultra-fast high-def video downloads, 911 dispatchers, and smart homes will all benefit from the rollout of next generation wireless technologies known as 5G. But what might the land use and real estate implications be for municipalities, residents and developers?

Industry experts tout 5G for its download speeds of 10- to 20-gigabits-per-second, which is on average 40 times faster than existing 4G networks. In addition, 5G technology is expected to help create 3 million new jobs, add $533 billion in GDP, and generate an additional $1.2 trillion in consumer benefits, according to Forbes.

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Verizon CEO sees 5G rollout spurring new uses for wireless

Speaking with Maria Bartiromo from the World Economic Forum in Davos, Switzerland, Verizon CEO Hans Vestberg said "new markets or ‘use cases’ for the company will emerge as 5G rolls out." Vestberg noted "there are so many people on smart phones, when they will have 5G ...

City of Branson working on new ordinance ahead of 5G technology

The City of Branson is drafting an ordinance to control the design, permits and overall appearance of small cells in public right-of-ways. City Attorney Chris Lebeck said that to bring 5G to the city, carriers will set up "small cell" systems, and that "they welcome the new high-s...

Gov. Lamont wants CT to be a leader in 5G mobile networks, but his aspirations face significant hurdles

In his inaugural State of the State address, Connecticut Gov. Ned Lamont said he wants Connecticut's cities to be the first in New England with access to fifth-generation, mobile networks. In his remarks, Gov. Lamont said, "The telecommunication companies are ready to start buildi...

If 5G is so important, why isn’t it secure?

Former FCC Chairman Tom Wheeler published an op-ed stating, "We cannot allow the hype about 5G to overshadow the absolute necessity that it be secure." Wheeler said the our wireless networks are not as secure as they could be since cyberattacks were "not a front-and-center concern...

Seoul and SK Telecom to use 5G to prevent jaywalking

Seoul and SK Telecom plan to develop "cooperative-intelligent transport systems" that will utilize 5G and car telecommunication to increase safety, the two companies announced. They will install 5G and sensors at major roads in South Korea's capital. They will also supply 5G Vehic...

FCC’s 5G order withstands initial legal challenge

The U.S. Court of Appeals for the Tenth Circuit denied a motion to stay the FCC decision, but Brian Namey of the National Association of Counties, said "the challenge will continue." Namey noted "we share the FCC’s goal of expanding broadband access for every American; howev...

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