YOU SAID IT: Drones Dandy, but Regulation a Must

It would be premature for the FAA to crack down on drone use in commercial real estate, but that doesn’t mean it shouldn’t regulate them, according to our recent national reader poll. (If the sky is filled with drones, how will any of us get a tan?) Almost 700 readers responded, and 64% said the FAA should not put the kibosh on the remote-controlled aircraft in CRE, citing them as invaluable marketing and asset management tools. KumbaCam, which was at the BOMA conference discussing its video and photography kit for drones, tells us property management applications include before/after shots of construction, landscaping, and roofing projects; checking leaks and shingles; diagnosing disaster damage; aerial photos and videos for promotions; property perimeter checks; power/pipeline control; and more.

But they aren’t without risks. Readers mention privacy concerns, potential collisions with commercial planes, terrorism, and lack of certification and registration for operators. DC-based Transwestern EVP Pete Marcin, above, has two drones (one’s a backup) that enable him to get property views unachievable only a year or two ago. While the FAA has taken the position that drone use for commercial purposes is restricted, a recent NTSB court decision calls these restrictions into question, says Pete (who's also an attorney). The future lies in whether the FAA can develop (and Congress can pass) more concrete rules for commercial drone use. If all goes well, Pete expects them to be widespread in a couple years but reminds operators you'll probably crash your first before becoming a savvy pilot. (His first is at the bottom of the Patapsco River.)

Continue reading this story with a free account

Log in or register
Related Topics: Patapsco River
Sign up for more articles like this
Subscribe to Bisnow's National Newsletters
Related Stories

Wall Street Impatient For Big Tech Returns On Data Center Spending

As AI Adoption Ramps Up, Half A Million Property Managers Are In The Crosshairs

Treasuries Hover Around 4.7% As Wall Street Questions If Warsh Is A 'Dove In Hawk's Clothing'

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

Camden Property Trust Sells West Coast Portfolio, Clears $1.5B Target

Churchill Downs Plans To Sell 9 Casinos, Focus On Horse Racing

Bringing Stability And Savings To CRE Insurance Through Working Layer

More Hotel Owners In Need Of Cash Are Getting It From The Big Brands

Former Arms Dealer Targeting Heartland Apartment Takeover Files For Bankruptcy

SEC Charges REIT, Its Founders With Alleged $152M Fraud Scheme

Equinix Ramps Up Spending Plans Amid Faster-Than-Expected AI Shift

Cortland, Pulte, INVH, Walker & Dunlop Execs Talk Changing Demographics, AI