Self-driving cars will make on-site parking spaces obsolete causing major disruption to commercial and multi-family residential real estate. As services such as Uber embrace self-driving cars, auto ownership will decline, and passengers will demand more curb space for drop-off and pick-up.
In absence of proactive local regulations, self-driving cars will exploit city streets for commercial use. These vehicles will provide dining, retail, entertainment, and other services to passengers without paying commercial rent. They will redefine city life, disrupt real estate industry and free up spaces occupied by parking structures.