Hyperspectral remote sensing is currently underutilized in urban environments due to significant barriers concerning the existence, availability, and quality of urban hyperspectral reference spectra. This paper exposes these barriers by identifying, cataloging, and characterizing the contents of 23 spectral libraries, developing metrics to assess compliance with the Principles of Findability, Accessibility, Interoperability, and Reusability (FAIR), and evaluating existing resources using these criteria. Only 2931 urban spectral records were found within the 4 Global Spectral Libraries (0.61% of 476,592 published spectra). Within a further 19 Local Urban Spectral Libraries, 3862 additional urban spectra were found, but only 1662 (43%) were accessible without restriction. Content analysis revealed insufficient representation of urban material heterogeneity, imbalanced categories, and limited library interoperability, all of which further hinder effective data utilization. In response, this paper proposes a 14‐category metadataset, with specific considerations to overcome environmentally induced and inherent, intra‐material variability. In addition, material‐based spectral groupings and data resampling to common hyperspectral equipment specifications are recommended. These measures aim to enhance the utility of urban spectral libraries by improving FAIR compliance, thereby contributing to a more cohesive and enduring framework for hyperspectral reference data.