Autonomous Vehicles and Commercial Real Estate

Henderson, Jason; Spencer, Jason

Autonomous Vehicles and Commercial Real Estate

Abstract

Hardly a day goes by without the release of a handful of news stories about autonomous vehicles (or AVs for short). The proverbial “tipping point” of awareness has been reached in the public consciousness as AV technology is quickly becoming the new focus of firms from Silicon Valley to Detroit and beyond. Automation has, and will continue to have far-reaching implications for many human activities, but for driving, the technology is here. Google has been in talks with automaker Ford (1), Elon Musk has declared that Tesla will have the appropriate technology in two years (2), GM is paired-up with Lyft (3), Uber is in development-mode (4), Microsoft and Volvo have announced a partnership (5), Apple has been piloting its top-secret project “Titan” (6), Toyota is working on its own technology (7), as is BMW (8). Audi (9) made a splash by sending a driverless A7 concept car 550 miles from San Francisco to Las Vegas just in time to roll-into the 2016 Consumer Electronics Show. Clearly, the race is on.

Journal / Series

Cornell Real Estate Review

Volume & Issue

Vol. 14

Date Issued

2016-06-01

Keywords

Cornell; real estate; Autonomous Vehicles; Avs; AV; park; parking; space; build; transportation; commercial real estate; impact; impacts; travel; demand; cost; vehicle; bus; car; self-driving; service; transportation service; technology; timing; implication; retail; office; multifamily; hotels; lodging; industrial; sustainability; infrastructure; roads; streets; buses; Jason Henderson; Jason Spencer

Rights

Types

article