The Air Rights Market: A Blue Ocean
Market Background
Air rights have benefited urban development for decades. Access to this opaque market is traditionally difficult, and the assets are traded in a closed way, reducing transactions and valuations and increasing costs to all sides of the trade. The landowner owns the rights to the airspace above their land and property.
Capital Valuations
The air rights market has a $30T TAM with the value of Manhattan locked air rights estimated to be >$500B, central London's air rights have been valued at £52B, and the drone industry that requires air rights to transit through is set to be worth $450B.
Drone Delivery, Real Estate, Telecoms & Investors
Air rights are one of the primary drivers of consumers' adoption of commercial drone delivery. Without permission to fly legally in private airspace, drones cannot fly. Drone deliveries reduce traditional delivery costs by ~90% over time.
Walmart and Amazon are expanding drone delivery. Walmart now covers over 2 million households with drone delivery. Their goal is to deliver to 90% of the US population, which they can reach by drone due to their current real estate portfolio. To do this, they need the low-altitude skies opened with permission from the air rights owners, and SkyTrade solves this access problem.
Every real estate transaction contains, globally, an air rights transaction; in many cases, this value has not been exploited and split out. Now, with SkyTrade technology and the marketplace, these assets can be monetized to deliver growth to new market participants.
The telecom industry has long been a target for investors in TradFi and crypto. Companies from AT\&T to Helium have been looking to monetize this industry in new and innovative ways. SkyTrade takes a different approach, decentralizing the very core of the business and adding value to everyone in the ecosystem.
Air rights and the right to transact them are freedom itself, and SkyTrade's approach to this opaque market opens a trillion-dollar market to everyone.