4 Ways that Driverless Cars Could Impact the CRE Industry
Companies ranging from the big automakers in Detroit to tech firms in Silicon Valley are pouring research dollars into driverless cars, and this development is projected to completely change the future of commercial real estate. This transition creates opportunities for new investment as well as challenges for existing properties. Demand for parking The biggest effect of driverless cars will be a reduction in demand for parking. As cars become fully autonomous, passengers can be dropped off at their final destination and continue to pick up other passengers or park themselves…
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