Green Street Advisors

 

 

Transportation Revolution is a Game Changer for Real Estate, Not Currently Priced In

FOR IMMEDIATE RELEASE

Media Contact:
Katie Clemons +1.949.640.8780 or kclemons@greenstreetadvisors.com

October 23, 2017: Mass adoption of driverless vehicles and the growing use of ride-hailing services will bring a decline in vehicle ownership and ultimately cause a dramatic reduction in parking needs, according to research released today by Green Street Advisors and the Urban Land Institute (ULI). The new report – The Transportation Revolution: The Impact of Ride-Hailing
and Driverless Vehicles on Real Estate® 2017
 – also found that because the transportation revolution’s impact on real estate doesn’t show up in underwriting today, many assets are likely mispriced.

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