By Deborah Findling | CNBC
Menlo Ventures managing director Venky Ganesan says that urban spaces will change dramatically once self-driving cars become widespread.
“The average house is roughly 3,000 sq ft and it’s been going up. The size of your garage is roughly 500 sq ft. That means roughly 15 to 20% of your living space constructed in the average home is devoted to the garage,” said Ganesan.
His prediction is that driverless cars could become a reality in five years, and will profoundly affect real estate within eight or nine years. “When the first driverless car is on the road, I think people will start thinking about zoning changes,” said Ganesan.
Here are some of the changes he and other experts in the field predict:
