MIT study predicts autonomous vehicles to fuel construction boom


It’s 2027 (or 2037) and the age of the self-driving car. City-dwellers have traded in their car keys for ride hails. Street parking has been replaced by wider sidewalks and bike lanes, while developers are busy converting garages into much-needed housing. That’s one vision of how self-driving cars will affect U.S. real estate, laid out in a report by MIT’s Center for Real Estate. But it’s not the only one.



"Even as reclaimed parking spaces fuel a downtown building boom," Bloomberg reports, "autonomous vehicles will encourage builders to push deeper into the exurban fringe, confident that homebuyers will tolerate longer commutes now that they don’t have to drive, according to the report [...]."

Read the full report Real Trends: The Future of Real Estate in the United States here.

Alexander Walter via Archinect - News http://ift.tt/2yOjn8e

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