“Real estate might be the industry that is most transformed by autonomous vehicles,” said David Silver, who teaches self-driving engineering at Udacity Inc., an online university that has enrolled more than 10,000 students who want in on the transport of the future. “It could change real estate from a business that is all about

How will driverless cars affect the future price of real estate?

Here is a really great article from CNBC when they interviewed Venky from Menlo Ventures. Some data appears to come from CBRE too.

Here is the article and its worth a read!!

A couple of the points he makes on changes to real estate as a result of self driving cars.

  1. Urban Planning with “hubs”.
  2. Fewer Parking Lots, hooray!
  3. Fewer Gas Stations, hooray!

Very interesting changes coming up in the next 5 – 10 years. 🙂 My suspicion is that these changes will have a net neutral affect on real estate but would love you thoughts!

Chris

The Construction Academy