![]() It’s a sign of how the rapidly evolving high-tech industry is seeping into the commercial real estate industry, pushing some developers to think far into the future as they plan to compete for tenants and make their projects more lucrative. “This is a monetization opportunity for everyone in the room.” “My question to you is, do you know your air rights?” said Geoffrey Kasselman, executive director in brokerage Newmark Knight Frank’s national industrial practice, speaking at a recent conference presented by University of San Diego’s Burnham-Moores Center for Real Estate. For instance, developers could begin to explore the current airspace opportunities and legal limitations for incorporating take-off and landing pads in a given office or mixed-use development. While executives contend there’s much to be done in terms of regulation and public buy-in before this future actually comes to pass, many say it could prove worthwhile for commercial property owners and their brokers to figure out how they might fit into that future world. It’s just another way today’s world is catching up to the 1960s futuristic outlook of the cartoon about the Jetson family set in the 2060s. You may need to make space for a skyport where Jetsons-like flying cars can land, too.ĭevelopers in cities from Los Angeles to Miami are preparing for that future with plans for mixed-use towers that could include rooftop skyports for “flying cars,” also known as vertical-landing aircraft, that are under development by companies including ride-hailing giant Uber, which is looking for partners to test its product. It may not be enough anymore to just add a rooftop deck or pool to your luxury development if you want to stay competitive. ![]() ![]() Uber is looking to offer high-tech rides through a network of rooftop skyports in its planned Uber Air service, with plans to begin demonstration flights next year in Los Angeles and Dallas. ![]()
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