Ride Sharing and Driverless Cars Are Game-Changers for Real Estate and Cities

By – UrbanLand.uli.org

Photo Not Credited

Photo Not Credited

Consumer adoption of ride-hailing services such as Uber and Lyft has already started affecting how some private urban developments and municipal projects are built, but the large-scale implementation of autonomous vehicles over the next decade will have even more wide-ranging implications—both positive and negative—real estate and transportation officials said during a panel discussion in Los Angeles.

“We believe that the coming transportation revolution is inevitable, powerful, and those that are on top of it can gain an edge in planning and underwriting,” said Dave Bragg of Green Street Advisors, an independent research and advisory firm concentrating on the commercial real estate industry in North America.

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Category : As Seen Online &Blog &Commercial Properties &Residential Properties

 

 

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