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Google Uber/Lyft

The ‘Uber Effect’ on the Property Market

Real estate is one of the few industries in the world that’s bigger than transportation. But in the coming decades, companies like Uber and Lyft—eventually super-charged by self-driving cars—are likely to change living patterns and upend property markets in ways that we’ve only begun to understand.

The most interesting thing to me is that the shift is already beginning to happen in some urban areas, and I expect that residential and commercial real estate values are going to start adjusting much faster than people expect.

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Jared mentioned that because of Lyft and Uber he now regularly goes to restaurants across the city that would once have been too far away to consider. If he's an early indication, the importance of walkability for businesses like restaurants is probably going to change as well.