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driverless cars Autonomous vehicle tech may shift real estate valuations, presenting many opportunities.

HOUSTON—Growing adoption of driverless cars, trucks and warehouse equipment could have a significant economic, operational and cultural effect, impacting every sector of the commercial real estate industry. This is according to a report, The New Industry Driver: How the Rise of Autonomous Vehicles Could Impact Future Real Estate Strategy by Transwestern.

“While there are valid concerns about safety, security, government regulation and the potential resistance to give up private cars, the billions of dollars invested by domestic and foreign automakers, countless engineering and design firms, and giant technology conglomerates have made autonomous vehicles a reality,” said Jamie Mahoney, Transwestern research analyst, and one of the report’s authors. “While timing of adoption is debatable, a disruptor of this magnitude likely will have implications for office, industrial, retail and healthcare properties, and create opportunities to unlock value from real estate.”

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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