The impact of mobility on Real Estate

March 19, 2020

The future of real estate is strongly influenced by the way mobility is designed within cities whereas the transport of people and goods will further influence the real estate industry.

Mobility affects not only the way we get around, but also our infrastructure needs. When cities make efforts to optimize traffic congestion in the city center, buildings with parking facilities become more attractive.

In addition, the rise of micro mobility is redefining the way we perceive distances between different destinations. What's more, micro mobility solutions not only affect mobility in city centers but also in peripheral areas, reshaping the idea that the car is the dominant mode of transportation. Electric scooters provide better access to public transit for properties within one or two kilometres of public transport stations. 

Innovation in mobility 

How property developers prepare to accommodate autonomous vehicles will be important to the future value of the buildings. The vision of creating infrastructure where these types of vehicles can easily enter a parking lot to drop off their passengers is a current reality.

The explosion of innovation in the mobility industry has driven property developers to evolve. Several real estate companies are now aware of the mobility challenge and have started to prepare their buildings for the transition to new smart solutions by, for instance, offering recharging possibilities for electric vehicles or even redesigning the architecture to facilitate mobility as a service

charging vehicle

The awakening of property developers is an important step for smart mobility. This means that long-term investments have started to arrive to support the development of smart mobility. 

Property owners and managers are therefore forced to adapt to the changes in the mobility ecosystem, brought about by advances in telecommunications and e-commerce, but also by the desire of new generations for flexibility in employment and new lifestyle concepts.

If we add to this the expected changes in the automotive industry, we get a good layer of mobility involvement in Real Estate.

These solutions have an impact on the journey of users, real estate companies and people in and around cities.

Challenges of innovation in mobility 

Innovations in mobility aim to achieve two objectives: 

  • To improve the safety, cost, efficiency and comfort of the transportation of people, goods and services ; 
  • Reverse the unsustainable and harmful energy and environmental impacts associated with transport.

These are admirable goals, of course, but in a world that was largely designed over the last century to accommodate the vast transportation system that is now being redesigned, many owners may find it difficult to see the design disruptions that result from this inevitable paradigm shift.

Building - Mobility Convergence 

Bouygues Group, the Movin'On sustainable mobility ecosystem led by Michelin, the Renault Group, Schneider Electric and the SBA, and their partners (IFP Énergies Nouvelles, CSTB, Certivéa, Avere France, Enedis, INES and CEA) have announced the deployment of a new reference system.

The approach has a twofold objective:

  • Raising awareness among building contractors to include the subject of mobility in their projects;
  • Facilitating coordination of actors. Mobility and buildings must indeed be able to meet the needs of users and the problems of the territories. They are the pillars of a more sustainable city.

The current challenge for a Building - Mobility convergence is the compatibility of all equipment. To take up this challenge, we must put ourselves in the users’ shoes, who can use a service platform, thanks to digital technology, to share spaces as well as mobility.

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