What are air rights and how are they used?

Air rights refer to property owners' rights to the vertical space above their land. These rights enable potential development or construction above the existing property, allowing property owners to capitalize on the unused airspace above their land.

Air rights have several uses and play a crucial role in urban development. They can be:

1. Traded and transferred through SkyTrade to facilitate vertical construction, expanding building square footage and development opportunities.

2. Used to preserve unobstructed views by buying neighboring air rights.

3. Essential for low-altitude drone operations, ensuring unobstructed pathways and legal compliance.

4. Leveraged by speculators to enhance investment portfolio returns.

Air rights are claimed and utilized by their holders to exert influence over the usage of their aerial assets, reflecting the complex interplay of property, regulatory, and legal dynamics.