An alternative to bulk internet is “instant activation, which offers similar benefits, including internet available at move-in, as well as a type of “managed Wifi lite” experience that enables properties to more easily control and manage in-unit smart amenities.
One provider that has been aggressive on the instant activation Wi-Fi front is Xfinity Communities’ Connected Building solution, which provides multifamily properties with a property-wide Wi-Fi network, uses the property’s existing infrastructure.
The service provider has continued to advance its instant activation platform. In March, Xfinity launched Connected Building, a networking solution designed to deliver always-on, property-wide WiFi. Residents can access Wi-Fi immediately upon move-in by simply downloading the Xfinity app and following the digital activation process. After they activate their service, they receive a private, in-unit network that they can customize by changing its name and password.
Smart technology’s role
But the MDU broadband market is not just about internet connectivity alone.
Some properties offer residents an option to pay a technology amenity fee that not only includes not just internet, but also in-unit smart technologies, access control, smart gating, and services such as package management.
Parks Associates, in its analysis, saw that the median average cost of these fees at $75 per month for renters and $80 per month among condo owners.
However, the research firm said the cost of these fees varies by what market the property is located.
“There are large differences in fee amounts according to geographic region: Los Angeles, a highly in-demand market, boasts a median tech amenity fee nearly twice as high as the national average,” Parks said. “These fees, as well as installation of the technology generally, help boost overall property NOI and increase valuations.”