Dec 3, 2018
Drones Taking Off In Real Estate Industry Applications
Goldman Sachs forecast a $100 billion market opportunity emerging for drones from 2016 through 2020. We are more than halfway through that window, and real estate is one of the industries feeling the greatest reverberations from drones' arrival. Drones are able to collect data in unprecedented ways, complete tasks like physical inspections too risky for humans and are impacting the marketing of real estate to investors or buyers in ways never before possible.
Real estate is being or will be impacted by the arrival of drones in four broad ways. So says Jake Fingert, partner at Camber Creek, a Washington, D.C.-based venture capital firm that invests in real estate tech companies. First, drones can allow developers to tell more compelling stories through video. Imagine being able to build a powerful social media campaign to lure prospective renters to a new urban high-rise apartment building by showing week-by-week progress of the building's construction from a drone's perspective, Fingert says.
Drones are also helping developers build more safely and quickly.
“For example, there are huge delays in construction getting the right materials to the right people at the right time.” he says. “Now, construction teams are using drones to monitor supply inventory across large project sites, so they can better manage delivery of new bricks, steel or other supplies.”
Get ready for droneports
Third, drones are on a path to begin influencing the way developers think about location and infrastructure. Picture a future in which drones deliver groceries, Fingert says. Suddenly, proximity to a supermarket is far less important. If drones are flying everywhere, there will also have to be drone flyways.
“That starts to impact real estate markets as well,” he says. “Meanwhile, you need a whole new network of regional distribution systems [that might be termed] 'droneports.'”
A fourth way drones are affecting real estate is through drone services. Operating and maintaining real estate and infrastructure involves danger for humans, in jobs like cleaning the windows of skyscrapers or handling simple maintenance chores on windy rooftops. Drones combined with robotics will be able to perform the same work without risking human injury. Moreover, they could complete those tasks more affordably and with better quality.
Article from Forbes