Drones and the Future of Real Estate and Rental and Leasing
Overview The incorporation of drones in real estate and leasing sectors is promising enormous upheaval with increased efficiency and decreased costs. As per McKinsey & Co., 40% of the properties will likely employ drone services by 2025. NAR reveals that about 73% of homeowners would opt for a real estate agent using drone technology. Grand View Research states that the global commercial drone market size is expected to reach $129.23 billion by 2025, significantly influencing the real estate landscape.
Growth of Drone Usage Drone usage in real estate and associated sectors is projected to see an inevitable increase. McKinsey & Co. predicts that by 2025, 40% of all properties will probably involve drones in their operations. These unmanned aerial vehicles can generate high-quality aerial images and videos providing prospective buyers with a 360° view of the property. This technological facet enhances property visibility and adds an innovative touch to property showcasing, thereby experientially enriching customer interaction.
Client Preference Statistics by the National Association of Realtors (NAR) indicates that approximately 73% of homeowners would choose a real estate agent who implements drone technology in their operation. Evidently, clients are attracted to the additional layer of comprehensive details and perspectives provided by drone-assisted views of the properties. An impressive bird-eye view of the property drastically improves the overall customer experience, fostering their decision-making process.
Commercial Drone Market The commercial drone market is expected to skyrocket with potential growth predicates amounting to $129.23 billion by 2025, according to Grand View Research. A large chunk of this surge is attributable to the real estate and rental and leasing industries. Drones not only offer more enhanced property views but also allow real estate agents to market the property effectively, significantly reducing marketing time and saving costs.
Key Takeaways
- McKinsey & Co.'s prediction of drone involvement in 40% of properties by 2025 implies a growing shift towards technology in real estate.
- 73% of homeowners' preference for agents integrating drone usage underscores the rising demand for innovative solutions in home-buying processes.
- The forecast of the commercial drone market reaching $129.23 billion by 2025 underscores an investment opportunity for industries, especially real estate and rental and leasing domains.
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