Sunday June 26, 2016

Study: Google Fiber Could Raise Rents 11 Percent

Gigabit-speed fiber services such as Google Fiber are expected to increase the cost of living by a considerable margin in available areas. Bay Area prices should be particularly interesting.

When fiber-delivered internet comes to an area, rent for apartments and condos could go up 11 percent, a new report says. Such a rise provides "better bottom lines" for landlords, said a press release from the Fiber to the Home Council, which put out the report. "These apartment and condominium owners and renters have lifestyles centering heavily on broadband use," the report said. "(They) spend more time online and use online streaming video more than single family home residents of similar age. Fast and reliable broadband is now rated the single most important amenity."