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The Impact Of Driverless Cars On Real Estate Could Be Huge

June 16, 2017

While the real estate industry is preparing to see what kind of an impact automated vehicles will have on commerce, city and government officials scramble to find a suitable way to regulate the automobile’s formal arrival. Southern Illinois University-Carbondale architect and assistant professor Shannon McDonald believes its effect will be equal to that of the first automobile when it first appeared on the market. Developers anticipate that there will be an increase in parking demand, proposed ramps that would be used to facilitate the immediate need for parking spaces could later be repurposed and restructured into multifamily, or office space. Louise Mozingo, professor and chair of Landscape Architecture & Environmental Planning and Urban design at UC Berkeley believes that due to office densification and outdated zoning code there will be initial growing pains until the two reach a point of cohesive reciprocity.

The Impact Of Driverless Cars On Real Estate Could Be Huge