After three months of bidding, the Federal Communications Commission's sale of wireless licenses has fetched more than $69.8 billion. By comparison, in 2015 by an earlier sale of midrange cellular licenses hit $44.9 billion.
These cellular companies are now investing billions of dollars in the next wave of fifth-generation coverage, which should speed the flow of data to phones and other wireless devices. NAI Global Wireless says the bids "have blown past Wall Street's highest forecasts, suggesting that several companies are fighting over the most valuable wireless rights."
For commercial real estate owners, this frenzy for 5G rights is an opportunity as commercial properties are a natural venue for the placement of towers and other forms of communication infrastructure.
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Leslie Shaver
Les Shaver has been covering commercial and residential real estate for almost 20 years. His work has appeared in Multifamily Executive, Builder, units, Arlington Magazine in addition to GlobeSt.com and Real Estate Forum.
