Autonomous Vehicle Tech Could Be The Biggest Disrupter In Commercial Real Estate

When autonomous vehicles go mainstream, the commercial real estate implications will be massive — from urban development planning to public transit impact and a shift in parking lot development.

Though driverless cars will benefit cities` live-work-play synergy in many ways, autonomous vehicle technology also has the potential to bring massive disruptions to the industry as developers are forced to repurpose properties in order to accommodate this new normal...

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RSK: Yes it is...and what about all the revenue cities, Counties and states make on parking? Will they sell their ramps and parking structures? And where will all these AV cars and trucks park? Miles away? That will lose some of the efficiencies for sure. Interesting.

Ken Notes: I love the idea of self driving cars, but the litigious nature of our society suggests that the reality may be well in the future. I just can not imagine the cost of insuring a system where anyone can jump in front of a vehicle owned by deep pocketed Google...