Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting to read:%0A%0A {0} %0A%0A {1}
evolving-with-indian-businesses-creating-value-through-data evolving-with-indian-businesses-creating-value-through-data

Autonomous Vehicles Seen as Transport Solution in APAC


Cushman & Wakefield partnered with CoreNet Global, a nonprofit global association for corporate real estate, to conduct a survey on the impact of autonomous vehicles (AV)/driverless vehicles on businesses and real estate. A total of 500 responses were collected from attendees at the 2017-2018 CoreNet Global Summits in Seattle, London, and Singapore.

Results from the survey showed that respondents living in Asia Pacific are more excited to utilize autonomous vehicles for going around town and daily commute than their counterparts in the Americas or EMEA. Respondents were asked to rate their excitement for AVs on a scale of one to five, with five being rated as “extremely excited.” Respondents from Asia Pacific scored highest in using AVs as a transport solution for going around and daily commute. Americas scored highest for the potential use of AVs for business travel.


Findings also showed that corporate real estate (CRE) executives are not overly confident that AVs will account for the majority of transport in the next six years. However, nearly two-thirds (62%) believe the tipping point will take place in the decade between 2025 and 2034. In Asia Pacific, 74% of the respondents expect AVs to take over the majority of transport by 2034.

Impact on CRE

Sentiment towards the impact of AVs on business is generally positive or neutral. As for its impact on real estate, survey results showed that for many, AV technology is going to change CRE strategy. Parking rent costs and proximity of their office space to neighborhood amenities are of extreme importance to 90% of the respondents.

One-fourth of respondents expect to have a difficult (and/or costly) time repurposing parking facilities in their portfolio that become obsolete with the implementation of AV technology. This is a significantly smaller issue for companies whose headquarters are in EMEA (14%) and Asia Pacific (18%) as opposed to the Americas (31%).

Aside from AV’s impact on CRE, the report also explored other key findings uncovered from corporate real estate executives around the world.

Download the report to read the full analysis of responses.

Related Insights

main streets across the world 2023

Main Streets Across the World 2023

In this 33rd edition of Main Streets Across the World, we’ll explore the near-term outlook for the retail sector; headline rent and ranking changes for best-in-class urban locations across the world; key indicators and global main street rankings; and key trends to watch such as the cost-of-living crunch, e-commerce and more.
Dominic Brown • 21/11/2023
Reworking the office
Research • Workplace

REWORKING the Office Asia Pacific

Our ‘REWORKING’ series examines decision-making for occupiers under four key considerations: Cost, Carbon, Culture and Community – under which the changing demands, needs and impacts on office spaces and strategies can be examined.
Grant Carter • 03/11/2023
Insights • Economy

Cushman & Wakefield Comments on URA private residential price index Q3 2023

Overall sales volume declined by 3.5% qoq in Q3 2023, reversing the past two consecutive quarters of increase. The fall in overall sales volume was driven by the new sales market, which declined by 8.5% qoq to 1,946 units in Q3 2023.
Xian Yang Wong • 27/10/2023

Related Stories

Dexcom Philippines New Office Fit-out Project
Dexcom Philippines • Healthcare
Learn More
Cushman & Wakefield Stories Philippines Inc. • Travel
Learn More
Cushman & Wakefield Stories
OMD Philippines • Advertising
Learn More
With your permission we and our partners would like to use cookies in order to access and record information and process personal data, such as unique identifiers and standard information sent by a device to ensure our website performs as expected, to develop and improve our products, and for advertising and insight purposes.

Alternatively click on More Options and select your preferences before providing or refusing consent. Some processing of your personal data may not require your consent, but you have a right to object to such processing.

You can change your preferences at any time by returning to this site or clicking on Privacy & Cookies.
These cookies ensure that our website performs as expected,for example website traffic load is balanced across our servers to prevent our website from crashing during particularly high usage.
These cookies allow our website to remember choices you make (such as your user name, language or the region you are in) and provide enhanced features. These cookies do not gather any information about you that could be used for advertising or remember where you have been on the internet.
These cookies allow us to work with our marketing partners to understand which ads or links you have clicked on before arriving on our website or to help us make our advertising more relevant to you.
Agree All
Reject All