Autonomous vehicles could initiate some big changes in where we live and work, thus affecting the real estate market in addition to the transportation and tech industries.
The proximity of office and residential buildings to public transit hubs has traditionally been seen as adding value to the property by making commuting easy, a phenomenon that would seem to be bolstered by the low car-ownership rates of millennials.
“Clearly, any sort of big transit infrastructure program can act as a huge stimulus for the development of surrounding real estate,” said Scott Homa, a director of United States office research for real estate firm JLL. “It’s starting to emerge as a universal theme across the U.S.”
Read the article at Forbes.
The post Driverless Cars Could Affect the Value of Your Home appeared first on Fleet Management Weekly.
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