Green Street Advisors

 

 

Wall Street Journal: Dear Tenant - Your Uber Is Here

According to The Wall Street Journal:

Landlords battling high land costs are turning to a new partner: ride-hailing giant Uber Technologies Inc.

As urban real estate becomes ever-more expensive, some property developers are shrinking or killing their parking spaces and offering Uber subsidies and other incentives instead.

...

Ride services such as Uber and Lyft, along with the promise of driverless cars, represent the “single biggest game-changer for real estate” over the next several decades, said Dave Bragg, an analyst at real-estate research firm Green Street Advisors.

...

To view the full article from The Wall Street Journal, click here.