When National Association of RealtorsⓇ President Chris Polychron recently testified before Congress on the topic of unmanned aerial systems (UAS), he called for a commitment to privacy and personal safety to go hand in hand with the responsible use of drones by the commercial property industry. But the legislative climate around the topic of drones shows anything but clear skies. Federal and state efforts to make rules have been uneven, leading to a bumpy legislative ride.
I’m not sure how I missed this, but miss it I did. NAR’s June 2014 Commercial Regulatory Report is available for free download, containing updates and summaries of recent NAR actions in the regulatory space, including FAA, EPA, SEC, GSA and SBA. If any property in your portfolio involves air, ground or finance (find me one that doesn’t!) you need to check out the report.
Check it out below or download a PDF from Realtor.org
Potential commercial real estate applications for low-flying aerial vehicles abound: these include mapping, surveying, traffic measurements (vehicle and foot), hyperlocal weather reporting, parking availability reporting and competitive research and analysis, just to name a few. There isn’t a sector in commercial real estate that couldn’t use an eye in the sky at one point or another.