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Park It Here: Driverless Cars and the Office Market

PHOENIX—The future is coming at us at a breakneck pace—and it's riding in a driverless vehicle. What will that mean for the office market? Lee & Associates' Andrew Cheney gives us a peek.

By John Salustri | johnsalustri | Updated on April 18, 2017

Cheney: Owners and developers need to create plans to convert “parking spaces capable of being higher, better uses.” Cheney: Owners and developers need to create plans to convert “parking spaces capable of being higher, better uses.”

PHOENIX—EXHIBIT 1: Uber is expanding the number of states that will embrace its next-generation service concept: driverless cars. EXHIBIT 2: Autonomous deliveries are currently being road tested, with Budweiser paving the way in October 2016 with an autonomous delivery in Colorado Springs, CO. (Note to reader: That’s cool, but woefully behind the advances being made in Europe.) EXHIBIT 3:  Automated parking—so-called robo-parking—is an ever-expanding reality.

Take all of these exhibits together, and they outline new and very different challenges for those involved in providing office space.  Andrew Cheney, a principal in the Arizona office of Lee & Associates, is a bit closer to the coming technology than a lot of industry practitioners might be—but then so is everyone in Arizona, where Uber planted an early flag in the driverless vehicle movement.

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