Share: Share on Facebook Share on Twitter Share on LinkedIn I recommend visiting cushmanwakefield.com 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

04/02/2019

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.

autonomous-vehicles-seen-as-transport-solution-in-apac-600x373

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

card image
Insights • Sustainability

Banking on Green Office Buildings in Singapore

Does sustainability pay? We think it does help performance.
Chee Kit Ho • 21/11/2022
Cushman & Wakefield Q2 Asia Pacific Webinar: Spotlight on Singapore
Insights • Investment

Cushman & Wakefield Q2 Asia Pacific Webinar: Spotlight on Singapore

As Asia Pacific begins to show signs of recovery from COVID-19, led by a rebound originating from China, what is the current status of the commercial real estate market and where is it headed?
Anna Town • 13/08/2021

Related Stories

Dexcom Philippines New Office Fit-out Project
Dexcom Philippines • Healthcare
Learn More
Cushman & Wakefield Stories
Booking.com 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.
MORE OPTIONS
AGREE AND CLOSE
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
SAVE SETTINGS