San Francisco holds a unique place among the dozens of major U.S. cities navigating the nuances and impact of electric, autonomous and ridesharing vehicles on their respective infrastructures. Not only is the city experiencing increased adoption, but it is also increasingly becoming a base for these technology firms to set up shop, with some 80 transport companies calling the Bay Area home and occupying 6 million sq.ft.
Mobility Shifts and Commercial Real Estate – Implications of Ridesharing; Autonomous Vehicles; Micro-mobility and Electric Vehicles is the latest report in Cushman & Wakefield’s “Tech Disruptor Series”, which examines the impact these technologies are having on city infrastructures and commercial real estate across the country. I recently engaged in an insightful conversation with Senior Directors Robert Sammons and Eli Ceryak to discuss the report’s findings, and specifically, how the city of San Francisco is adapting to these innovations.
Highlights from our conversation include:
- For this technology to truly impact a city, three preconditions must be met, 1) Safety and Public Acceptance, 2) Convergence with Other Technologies, and 3) Widespread Adoption.
- Developer and Adopter
- San Francisco is not only an adopter of autonomous, electric and ridesharing vehicles, it is also a vital developer. Notable names include Uber and Lyft, with the two companies occupying approximately 1 million square feet and 250,000 square feet of office space, respectively.
- The Pros and Cons of Ridesharing
- With public transportation systems like BART at max capacity, ridesharing was initially viewed as a savior for Bay Area commuters. However, the more that ridesharing has been adopted, the worse congestion and traffic have become. Today, it is simultaneously both easier and harder to get around the city than ever before, and commercial real estate developers are increasingly factoring in ridesharing into their near- and long-term planning.
Click here to listen to the full segment!
Click here to read and download our Mobility Shifts and Commercial Real Estate – Implications of Ridesharing; Autonomous Vehicles; Micro-mobility and Electric Vehicles Report.
Revathi Greenwood is Americas Head of Research at Cushman & Wakefield. She provides leadership to hundreds of professionals who are focused on producing predictive, timely and interpretative analysis on the latest real estate trends.