Over the last several years, the proptech movement has become entrenched in the lexicon of the real estate industry as developers use the term as a catch-all term for using technology in the construction of new commercial buildings and begin planning for Smart Cities. The various technologies incorporate wireless sensors, broadband service and other cloud-based applications to reduce energy costs, improve transportation and enhance security.
At the same time, the introduction of these technologies increases the likelihood that property owners will need to incorporate an extra layer (or two) of due diligence when incorporating these services. Not only do many Internet of Things (IoT) devices use wireless spectrum to communicate with other devices, but recent actions by the Federal government have led to the prohibition of certain equipment manufactured in China. The Federal Communications Commission (FCC) has primary responsibility over devices that use wireless spectrum and also implements federal policy with respect to devices that may implicate national security concerns.
Mr. Petro may be contacted at lee.petro@pillsburylaw.com