How Driverless Cars Could Impact Real Estate

LOS ANGELES—Driverless cars could affect everything from where gas stations are placed to how much parking is needed for a given property, Partner Engineering and Science‘s president Joe Derhake said in his presentation “Disruptive Technologies: Risks and Opportunities of Changing CRE Demands” during RealShare National Investment & Finance here yesterday. The presentation dealt with how emerging market trends and advancements in technology are changing the demand and requirements for a variety of property types.

“If you can see technology coming, you can make better investments,” said Derhake. He pointed out that Amazon.com started 20 years ago, and we’re still reeling from those changes. “If we could see the next thing coming, that’s our goal.”