Report: autonomous vehicle technology to have profound impact on real estate

Those funny looking cars by Argo AI driving around the Strip District, along with other cars from autonomous vehicle companies, may have the greatest impact on the American real estate market since “the mass adoption of the car and the expansion of the federal highway system in the 1950s,”

That’s according to a new national report by CBRE called “Autonomous Vehicles: Driving Change for Real Estate,” which studies how the roll out of self-driving car usage will affect the American office market by 2030, expecting profound change, suggesting both renewed prospects for both suburbs that have often taken a hit amid a back-to-cities trends as well as for walkable areas most typically in cities to become more valuable.