John Wilson - The Future of Commercial Real Estate and Aerial Imagery

Introduction to Assessment Matters podcast 00:00John’s background 00:35Derrick’s experience in broadcast journalism, government, and assessmentThe importance of property taxation/assessment in funding local governmentHow has the field changed in the last 10 years? 2:04Unexpected exogenous shocks: global pandemic, inflationOverheated housing marketCommercial vs residential — how WFH has changed the marketThe future of commercial real estate 4:58Downward trendThe difficulties of commercial to residential conversionsWhat can we do about housing affordability? 6:12Identifying opportunities for new housing to address immediate needsStreamlining housing permitting and constructionNew building techniques and productsDerrick’s IAAO panel: “See More From the Air” 8:33The benefits of aerial imagery: accuracy, efficiencyComparing aerial vs ground observationIdentifying potential novel land usesAssessing damage from natural disastersCompetition in the aerial imagery industry 11:14Balloons, drones, etc.Improved cost-effectivenessOther technologies 12:18Artificial Intelligence (AI) and Machine Learning (ML)Data beyond evaluation and assessmentAdvice for industry newcomers 14:29Parting advice 15:21