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Real Estate set to change in the autonomous world

It is not only parking garages – the autonomous vehicles will require the entire real estate industry to undergo a large-scale restructure, according to CB Insights.screen-shot-2016-12-29-at-3-04-46-pm

Bloomberg’s Noah Smith says that faster and easier commutes will shift residential property value from properties in urban centers to those in suburban areas.

In commercial real estate, spaces currently reserved for human drivers and their cars will be converted to other uses. For example, there will no longer be a need for gas stations to be located on busy street corners to attract people’s attention or for industrial space to be located near ports to help lorry drivers.

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