Start Thinking About Driverless Cars Today

Autonomous vehicles exist today, and while we are still years away from seeing them rise into total popularity, real estate owners should start thinking about how to adapt their real estate assets to a future with driverless cars. This technology will completely change the way people live, affecting city planning, development, parking and even signage. Some owners are still figuring out how to integrate ride-sharing zones, they should be looking further ahead.

“From a macro perspective, real estate companies should be thinking about how their real estate will be impacted by the ability for tenants, residents and consumers to access spaces without having to worry about parking,” Jeff Berman, a partner at Camber Creek, tells GlobeSt.com. “What does that do to layout? Density? Accessibility? For example, widespread adoption of autonomous vehicles may make individual car ownership less attractive. For single-family home developers, this could potentially eliminate the need to include a garage for every home.”