REAL ESTATE
Downtown Denver’s record vacancy reveals a geographic split
Office vacancy rate in the city center reached 38.9 percent in the first quarter of this year according to data from CBRE, marking a new all-time high. Like many U.S. cities, Denver has split into a tale of two office markets: tenants are flocking to top-tier buildings while lower-quality space languishes. But in Denver, the Dickensian division runs even deeper — cutting across geography as well as building quality. In upper downtown, home to the traditional central business district, the vacancy rate remains above 40 percent, reaching as high as 46.4 percent in some parts of the neighborhood. Lower downtown paints a more optimistic picture, with total vacancy sitting just above 20 percent.
https://therealdeal.com/national/2026/04/30/denver-office-vacancy-hits-record-high-as-investors-circle/
‘Close this chapter:’ The future of Denver Pavilions is taking shape
The panel recommended that the future of the Pavilions focuses on residences and open space. In the proposal, the parking lots behind the mall on 15th Street would be turned into a public plaza, with the cinema building being retained for retail, restaurants and performance space. Additionally, the panel recommended building two residential towers with approximately 1,200 units total. With office vacancy remaining relatively high across the city, experts said that downtown residents — not commuting employees — are more likely to be the catalyst for downtown’s reemergence. The panel recommended demolishing other parts of the mall.
https://denverite.com/2026/04/17/denver-pavilions-redevelopment-authority/
Aging infrastructure, climate risks shake water sector confidence: report
Half of respondents say they’re very or fully prepared for long-term water supply needs — a 5 percentage point drop from the previous year — while 16% say they’re not at all prepared for long-term demands. Eleven percent of respondents report their water supply experiences frequent or chronic stress, and one-third indicate that “an increase in withdrawal or a decrease in supply could result in difficulties providing drinking water,” the report states. “Planning for long-term water security has never been more challenging. Uncertainty is increasing from things like accelerating climate variability and the rapid expansion of tech-based industries,” T.J. Stroebl, market development leader at Kurita America and AWWA president-elect for 2027-28, states in the report.
https://www.smartcitiesdive.com/news/aging-infrastructure-climate-risks-american-water-works-association-report/820089/
Data Centers Are Becoming Industrial’s Growth Engine
While data centers have traditionally been built piece by piece on-site, companies like DPR Construction and Mortenson are increasingly turning the process into something closer to manufacturing. The firms are establishing regional prefab hubs where electrical skids, cooling systems and structural components are assembled off-site before being shipped to data center campuses for installation. DPR alone has developed more than 1.5M SF of prefab facilities across the U.S., often in leased warehouse space but in some cases built from the ground up, said the company’s national prefab leader, Ray Boff. “It’s a transformational shift from project delivery to product delivery,” Boff said.
https://www.bisnow.com/national/news/industrial/data-center-supply-chain-boosting-industrial-leasing-and-development-134509
Can Industrialized Construction Finally Scale U.S. Housing?
Industrialized construction methods should not be dismissed or punished based on past failures. Policy evolution, capital innovation, and improved delivery models have changed the calculus. When engaged as a repeatable system rather than a one-off experiment, modern U.S. industrialized construction can reduce schedule uncertainty, limit execution risk, improve quality control, and create greater predictability across portfolios. The question is no longer whether a factory-based approach can “work” on a single site, but where and how it should be deployed to create compounding value across multiple projects.
https://urbanland.uli.org/development-and-construction/can-industrialized-construction-finally-scale-u-s-housing
Are Malls Making a Comeback? Simons is Betting on It. Here’s Why.
Embedding memorable moments into retail spaces is no longer a “nice to have” — they’re central to keeping brands culturally relevant and, hopefully, viral. Retailers are increasingly competing for customers’ attention with high-concept stores like Gentle Monster, the luxury Korean eyewear company, which opened its first Canadian flagship in Toronto. Gentle Monster offers more than simply a place to buy sunglasses; it provides immersive experiences with iconic “Instagrammable” moments.
https://www.gensler.com/blog/are-malls-making-a-combeback-simons-is-betting-on-it
Lending Reaches 5-Year High As Alternative Funds Flood In
Alternative lenders like debt funds and mortgage REITS accounted for 53% of nonagency loan closings in the first quarter, a massive leap from their 19% share of transaction volume a year earlier. Debt funds were the primary driver, with a 280% increase in deal activity. Banks had the second-largest share of nonagency loan closings at 22%, down 12 percentage points from a year earlier. CMBS lenders also ceded significant ground, accounting for 8% of loan volume compared to 26% during the first quarter of the 2025. Life insurance companies gave up four percentage points of volume and made up 17% of transactions in the first quarter.
https://www.bisnow.com/national/news/capital-markets/lending-reaches-5-year-high-as-alternative-funds-flood-in-134514
US home sales flat in April as lackluster spring homebuying season lurches forward
Sales have been hovering close to a 4-million annual pace now going back to 2023, far short of the historic norm that is closer to 5.2-million. Sales of previously occupied U.S. homes were essentially flat in April, another weak showing for the housing market during what’s traditionally its busiest time of the year. The AP’s Marcela Sanchez has more. And home prices continued to rise nationally last month, albeit at a slower rate. The U.S. median sales price increased 0.9% in April from a year earlier to $417,700, an all-time high for any April on data going back to 1999, NAR said. Home prices have risen on an annual basis for 34 months in a row.
https://apnews.com/article/housing-home-sales-real-estate-home-prices-1b0009fe38ad792937ffb2fed6fe26e3
Retailers Are Making Expensive Bets That Shoppers Still Want to Go to Stores
Walmart, the world’s largest retailer, has committed to remodeling 12 stores this year in New Jersey, with upgraded layouts and services. Dollar General plans to renovate some of its shops in the Northeast with an open format and more fresh food.
In total, America’s largest retailers are expected to spend at least $20 billion to remodel more than 12,000 stores this decade. Retail executives said the payoffs are worth the investment. Shoppers demand well-organized stores and fully stocked shelves so they can find what they want quickly.
https://www.nytimes.com/2026/05/11/business/retailers-stores-renovations.html
I Tried Out a $60 Capsule Hotel in Honolulu: No Door, No Bathroom, No Problem
The price was more than right: $60 a night for a single-occupancy, premium-economy pod, the smallest. And it was $150 for a first-class cabin, which can accommodate two. There’s also an in-between option called business class. The chain says the capsules were inspired by airline cabins. Tropical setting aside, I dreaded the stay just like I did my previous glamping adventure at Nascar and shared Airbnb in New York. Something about shared bathrooms, showers and bunk mates screams college and hostel life. Those days are happily behind me. The worry was for naught. The place was clean, other guests were quiet and (mostly) respectful. The lounge had ocean views, and the location was perfect.
https://www.wsj.com/lifestyle/travel/i-tried-out-a-60-capsule-hotel-in-honolulu-no-door-no-bathroom-no-problem-a18efac2
Medical marijuana rescheduled by Feds, could open up research and tax breaks
The U.S. Justice Department ordered the immediate placement of medical marijuana into a lower, less restrictive tier of regulated drugs — a historic change in federal marijuana policy which is expected to open up access for research, banking services for business and lessen tax burdens. And there’s hope that those changes will apply to recreational businesses soon.
https://www.cpr.org/2026/04/23/medical-marijuana-regulation-rescheduled/
Tracking the Growth of Wind and Solar in Rural America
Revenues from wind and solar are concentrated in a relatively small number of states, many of which are also among the country’s biggest agricultural producers. In 2024, nine states had wind and solar revenue that exceeded $1 billion; combined, they accounted for $23 billion or 63% of the national total. By comparison, cash receipts from cattle and calves, corn, and soybeans exceeded $5 billion in 15 states. Seven of these leading agricultural states were also among the leaders in wind and solar revenue, and four of the remaining eight states (Indiana, Minnesota, Noth Dakota, and South Dakota) had revenues of more than $500 million.
https://rmi.org/tracking-the-growth-of-wind-and-solar-in-rural-america/
Who sprawls the most?
The researchers calculated sprawl scores for 233 metropolitan areas, 995 urban counties, and 64,444 census tracts in the lower 48 states and the District of Columbia, covering 85% of the U.S. population. Each area has a unique score based on indicators including residential and employment density, land use mix, strength of urban subcenters, and street network connectivity. Higher scores indicate more compact and connected communities. Denver Metro is ranked No. 4.
https://publichealth.jhu.edu/center-for-smart-transportation/who-sprawls-the-most?preview=DzJvVj1FuNyeEhOIOaJ0b6dClTuB6bd9Qth83uvxdxs
CU under contract to buy downtown office tower
Independence Plaza, a 25-story building at 1050 17th St., is under contract to sell to the University of Colorado, the school confirmed to BusinessDen. ~ The foundation, which has made other real estate purchases to benefit the university system, didn’t address what it plans to do with the property spanning a full city block along the 16th Street Mall between Curtis and Arapahoe streets. The 567,000-square-foot Independence Plaza, which was built in the 1970s, is being marketed for sale by CBRE. The brokerage lists the building as just 21% occupied.
https://businessden.com/2026/05/06/cu-under-contract-to-buy-downtown-office-tower/
7 Myths Dogging Efforts to Fully Electrify Buildings — Let’s Bust Them
In closing, transitioning to all-electric buildings is both imminently feasible and essential for a sustainable future. Despite lingering myths and misconceptions, advancements in heat pump technology, cost efficiencies, and the evolving electric grid make building electrification a practical and beneficial choice for many building owners. Accelerating the adoption of all-electric buildings will reduce our reliance on fossil fuels, save money, and contribute to a cleaner, more resilient energy system.
https://www.gensler.com/blog/these-myths-dog-efforts-to-fully-electrify-buildings
AFFORDABLE HOUSING
Affordable units in Denver more vacant than market-rate apartments
“It’s a lot harder to qualify to live in an affordable property than it is in a market-rate property. And so if people have the option, they generally choose to live in a market-rate property because it’s just so much less onerous.” The average rent in Denver is $1,800, but cheaper in many places and unit types. A studio in Cap Hill for instance, clocks in at $1,200. Meanwhile, a studio apartment at 80% AMI can top out at $1,823 per month. “I am not surprised … over the last three years, we’ve had a record number of deliveries for market rate communities, apartments,” said Greg Glade, co-founder of local development firm MGL Partners.
https://www.denverpost.com/2026/05/12/denver-affordable-housing-apartment-vacancies/
Elevated Concession Activity Persists Across U.S. Apartment Market
Nationwide, average concession usage among stabilized units ticked up 0.2 points to 16.9% in March 2026, according to data from RealPage Market Analytics. This concession activity marked a 5.1 point increase year-over-year and holds at the highest average level of monthly concession activity since mid-2014. The average discount was unchanged on a monthly basis but roughly two points higher year-over-year, averaging 10.8% in March 2026. Across stabilized U.S. apartment stock, that concession level equates to nearly six weeks free on a 12‑month lease.
https://www.realpage.com/analytics/us-concessions-march-2026/
Council vote gives lifeline to thousands of planned Denver apartments
Brad Buchanan and his planning department have convinced Denver City Council to bring 23,000 planned housing units back to life. ~ Denver’s apartment market is out of equilibrium. A record number of apartments have been constructed over the past few years. The most came in 2024, when the city added 10,500 units, according to the Apartment Association of Metro Denver. That represents a nearly 7% increase in the city’s entire apartment supply. As a result, Denver’s vacancy has increased rapidly over the past two years, from 4.8% in the first quarter of 2022 to 8.3% at the same time this year — the highest since 2010. Rents, meanwhile, are the lowest they’ve been in five years. That environment, coupled with high interest rates and construction costs, has slowed new groundbreakings to a crawl.
https://businessden.com/2026/05/06/council-vote-gives-lifeline-to-thousands-of-planned-denver-apartments/
Colorado has a housing crisis. Could 3D-printed homes be a solution?
“It’s a different wall system, but it’s still a residential construction project when it comes down to what we’re actually doing,” said Mangin. “You’re still going to have—obviously—plumbing, electrical and mechanical, that kind of stuff. So, that will likely be where students start.” 3D concrete printing robots can only build walls, currently. And, while those walls can be just about any shape, incorporating curves just as easily as straight lines and right angles, the technology as it exists now cannot build trusses or roofs. And, with notable exceptions, the robots can only build one-story tall structures.
https://www.cpr.org/2023/11/13/colorado-has-a-housing-crisis-could-3d-printed-homes-be-a-solution/
Five Points property will see condos turned into apartments
After buying the retail, multifamily and condo portions of a building last November, Goshen Development is moving ahead with plans to refresh the property. The Point, located at 2550 Washington St., included more than 30 condos and two retail spaces along with 35 affordable housing rental units. Previously, each portion had a different owner. Goshen bought them all in a series of transactions with the aim of breathing new life into the property by uniting its ownership into one entity. The renovations of the property, built in 2002, will preserve the affordable housing units, while standardizing the condos to cater to market-rate renters, Haroun Cowans, founder of Goshen, said.
https://www.bizjournals.com/denver/news/2026/05/15/point-building-renovations-goshen-denver.html
Developer planning to turn old hotel into apartments snags funding
A plan to create about 240 housing units in a dated Denver hotel achieved a financial milestone this week. Last December, HotelShift, a hotel conversion specialist, made public an idea to convert the Park Hill Holiday Inn at 3333 Quebec St. from a hotel into apartments. Now, HotelShift has gained the funding it needs for the project. ~ The group paid $9.05 million. The total budget for the project, including acquisition, is $19 million [$79,1567/unit], Bhatnagar said, leaving about $10 million in construction costs beyond the acquisition. That works out to about $41,666 per unit. The low per-unit cost attracted Collegiate Peaks to provide funding, Bhatnagar said.
https://www.bizjournals.com/denver/news/2026/05/14/holiday-inn-denver-conversion-apartments.html
Former Denver Veterans Affairs campus secures $130 million in funding for redevelopment
GM Development, the owner of the former Veterans Affairs hospital campus at 1055 Clermont St., secured $130 million to move forward with a project planned to eventually build more than 1,000 housing units, retail space and more. The property sits near the master-planned 9+CO development, which offers residential, retail and entertainment uses. ~ Under GM Development’s plan, the campus will become a Class A, mixed-use community, the announcement said. About 8% of the 493 units in the adapted building will be designated as income-restricted for those making 60% of the area median income or below. The building is 10 stories and will offer access to an 8-story parking garage. Over 50,000 square feet of retail and medical office space will also be included, according to the announcement.
https://www.bizjournals.com/denver/news/2026/05/14/va-campus-redevelopment-denver-financing.html
Five simple zoning changes that any city can make to increase housing affordability
The U.S. was already vastly over-zoned for commercial and office buildings before COVID-19 came along, and the pandemic only exacerbated the problem. Anyone who has driven an arterial or collector street zoned for commercial uses can see this for themselves. Strip shopping center spaces once occupied by higher rent uses are now occupied by lower rent uses or are vacant altogether. And — spoiler alert — prime retail and office uses are not coming back into these spaces. Not only are the buildings old and sometimes functionally obsolete, but the demand for higher rent retail in secondary locations is a fraction of what it was 20 years ago. Hmmm. Too little demand for existing commercial space and a significant housing shortage. What could we possibly do? We could allow medium scale (3-5 story) multifamily housing in those commercial zones, by right. The sites are located on medium-to-large streets, they often already have utilities sized to serve the commercial developments when they were fully occupied, and multiunit housing can act as a buffer between the larger street and the neighboring residential areas.
https://www.planetizen.com/features/137355-five-simple-zoning-changes-any-city-can-make-increase-housing-affordability
Designing for Dignity: What We’ve Learned from 5 Years of Creating Housing for the Unhoused
With our interim housing projects, we begin with trauma-informed design principles, asking: what does this space, this color, this chair feel like for the people who will live here? People who have spent years living on the street have experienced their most private moments in public. Many have learned to scan constantly for danger, to distrust spaces that feel institutional. We design for the opposite — clear sightlines and a door that locks; common areas for community; and color, light, and beauty that signal care and hope.
https://www.gensler.com/blog/what-designing-with-dignitymoves-taught-us-housing-unhoused
Council vote gives lifeline to thousands of planned Denver apartments
The [Denver] council voted unanimously Monday evening to give projects that received approval of their site development plans before the end of 2025 another three years to obtain building permits. Currently, developers have 30 months from the time their project’s site development plan is approved to obtain building permits to begin construction. Otherwise, their SDP expires, and they must resubmit it if they hope to build.
https://businessden.com/2026/05/06/council-vote-gives-lifeline-to-thousands-of-planned-denver-apartments/
Multifamily Rent Growth Update: April 2026
National rents rose 1.0% year-over-year in March, down from 1.2% in February, 1.4% in January, and 1.6% in December. While annual rent growth remains positive, the pace of gains has continued to soften, reflecting the ongoing normalization of rental housing conditions after the post-pandemic surge. Short-term momentum weakened further. After 32 consecutive months of positive month-over-month growth, national multifamily rents declined slightly in March. The annualized monthly growth rate registered −0.1%, down from +0.2%in February. In practical terms, rents remain broadly stable, but the direction of the latest monthly reading is notable. This was the first monthly decline in national multifamily rents since June 2023.
https://www.chandan.com/post/multifamily-rent-growth-update-april-2026
REAL ESTATE AND MOBILITY
Manhattan’s ‘Hellhole’ Is Having an Office Boom
If you’ve ever been to New York City’s Penn Station, you’ve seen the congestion and grime surrounding it. You may have experienced the claustrophobic train station. Despite all this, the neighborhood is emerging as one of the hottest areas for office buildings in the city. Tenants like its proximity to a major transport hub and rents that are still cheaper than other parts of Manhattan. A wave of new development around Penn Station, led by Vornado’s upgraded towers above the station, is also helping fuel demand.
https://trk.wsj.com/view/68a7bed7f8c1231b9694317fr7c09.1gtw/15f7d329
Brighton project aims to pioneer fully accessible, net-zero cohousing in Colorado
Cohousing communities, which were invented in Denmark, are oriented around a shared home and outdoor area containing amenities while each person also owns their own, separate home. According to the Foundation for Intentional Community, 35 such communities either exist or are being formed in Colorado. Gratitude Village aims to be different by becoming the state’s first fully accessible, net-zero cohousing community. The organization has formed a nonprofit called Gratitude Villages with the hope that the model will be scalable for others who want a communal living experience but can’t afford what is typically a high price tag for existing cohousing communities.
https://www.bizjournals.com/denver/news/2026/05/04/gratitude-village-cohousing-brighton-community.html
How luxury towers are becoming launchpads for flying taxis
Property investment firm Reuben Brothers and Joby Aviation plan to set up an air taxi vertiport, a facility that caters to lower-noise electric vehicles, atop a luxury residential building in the Los Angeles neighborhood of Century City. Joby expects to create the vertiport by converting a helipad atop Park Elm Residences at Century Plaza’s South Tower for take-offs and landings. The service would let Park Elm residents book Joby flights within greater Los Angeles, where some drives that stretch beyond two hours could be made in as little as five minutes.
https://www.costar.com/article/342222704/how-luxury-towers-are-becoming-launchpads-for-flying-taxis
MOBILITY
The Weekend Transit Problem That’s Killing Ridership And Pushing People Back Into Cars
Transit is only as good as its weakest link, at that weakest link is almost always the weekends. If I have to drive during that weak link, that makes it far easier to just drive every day of the week. And if I have to buy a car because of those weak links, then I have to use that car every day to justify the huge expense. Cutting back weekend service means it’s far easier to fall out of a transit-riding habit. This effects weekday service as well.
https://carfreeamerica.substack.com/p/the-weekend-transit-problem-thats
Return-to-Office Momentum Marches On
This March, foot traffic was an average of 26.5 percent lower than March 2019 levels, a 7.5-percentage point improvement from 34 percent lower in March 2025 compared to the same month in 2019, according to Placer.ai. That is the latest year-over-year increase in office visits in a string of increases that has partly restored traffic over recent years. The trough was deep: Traffic was down 79.9 percent in 2021 compared to before the pandemic. Also during March 2026, average visits per working day across 11 major U.S. markets were 4.2 percent higher than March 2025. That metric also slumped severely in 2021, showing an 81.6 percent drop.
https://www.commercialsearch.com/news/return-to-office-momentum-marches-on/
Veo Scooters Were Supposed to Stop Illegal Sidewalk Riding. They Haven’t…Yet
Once the sidewalk-detection system is implemented, users who ride on sidewalks will hear a voice emitted by their scooter that tells them to get off. If they stay on the sidewalk, the scooters can be programmed to automatically slow down, stop or end the ride. Notably, the new city ordinance does not specify how scooters must intervene when they are ridden on sidewalks. The scooter’s response will depend on where you’re riding, says Miller, who adds that Veo is in the process of “identifying sidewalk-riding hotspots” to focus its initial enforcement efforts.
https://www.westword.com/news/can-you-ride-scooters-on-the-sidewalk-in-denver-40882769/
Congress Gave States Enough Money to Fix Every Road in America; Some States Set It On Fire Instead
A stunning 16.3 percent of U.S. roads that were eligible for federal money were still rated in “poor” condition in 2024, according to a recent Transportation for America analysis — despite Congress providing state DOTs with $56.8 billion in largely unrestricted transportation funds that year alone, and nearly $1.5 trillion over the 30 years prior. Experts say it would take $43.2 billion per year to maintain all of the country’s existing roads in “acceptable” condition, or roughly 23 percent less than Congress authorized annually under the Infrastructure Investment and Jobs Act.
https://usa.streetsblog.org/2026/05/11/congress-gave-states-enough-money-to-fix-every-road-in-america-states-set-it-on-fire-instead
Why more states are passing laws to help people drive less
Colorado addresses VMT mitigation at the planning level rather than by project. In 2021, state law SB 21-260 directed the state’s DOT and its metropolitan planning organizations (MPOs) to ensure the state’s transportation program aligns with the VMT reduction targets. If modeling results indicate that the suite of projects would exceed the state’s VMT reduction target, the Colorado DOT must modify that list or add investments in mitigation measures. The law does not wholesale prohibit highway expansion, instead constraining the statewide program on which those expansions are listed.
https://www.brookings.edu/articles/why-more-states-are-passing-laws-to-help-people-drive-less/
Opinion: It’s Time to Rethink Our Congestion Obsession
Congestion pricing is a way of prioritizing driving trips: if driving is important enough for a given trip, the driver will pay; if not, the driver will switch to another mode or reschedule or forgo the trip. This sorting results in more efficient use of the roadway system by ensuring that it serves the driving trips with the highest value to drivers at peak hours. We can address the equity concerns this pay-to-drive strategy raises by using the toll revenues to improve transit and other driving alternatives and to subsidize tolls for low-income workers who need to drive. A year of congestion pricing in New York shows it can work.
https://usa.streetsblog.org/2026/05/13/opinion-its-time-to-rethink-our-congestion-obsession
‘A Solution, But To What Problem?’ Experts Say AVs Are The Elephant In The Room, But There’s Still Time To Figure Out Their Role
Rachel Weinberger: I completely agree with David’s point that they were a solution to a problem that’s not defined. We haven’t decided what we want. And while we’re baffing about not deciding, we’re allowing a new technology that’s driven by the logic of capitalism to push in to our city with an expectation that we’ll accommodate. In Peter’s book, he really talks about how cars really pushed into the city. Now, if you think about the legacy of [Lewis] Mumford, and what is a city, and how it’s to maximize interactions, then when we continued to give space to individualized transport, we were giving away too much space. We’re over-relying on individualized transport today. If we continue to think about individualized transport as the privileged mode, then we really need to think about how we’re allocating space. There is a 100-year legacy. In any case, this is a real technology that has real applications and we need to get real about it.
https://nyc.streetsblog.org/2026/04/20/avs-autonomous-vehicles-waymo-uber-robotaxis-self-driving-cars-david-zipper
Denver airport concessions overhaul reaches turning point
Concourse A has the most diverse group of passengers because it has the highest number of airlines, Dechant said. That was taken into consideration, as was the fact that a higher portion of passengers on that concourse depart early in the morning. “We want people to be open and have options available, because we have people in the concourse at 4 a.m.,” Dechant said. Concourse B, which is dominated by United Airlines, has the highest portion of passengers who are on a layover due to the fact that it’s a major United hub, she said. Those offerings were tailored to customers who might be in a hurry. Concourse C has many passengers flying Southwest Airlines. So concessions sought to include options that can be easily transported, knowing that meals aren’t offered on most Southwest flights, Dechant said. The design of concession spaces also changed to include more lighting, intuitive spaces, and groupings of food options that together make up a small marketplace. The spaces emphasize having both a sit-down and quick order option, and many include a space to get coffee.
https://www.bizjournals.com/denver/news/2026/04/20/denver-airport-concessions-overhaul.html?ana=emailafriend
See How the Robotaxi Industry Is Taking Off Across the U.S.
Morgan Stanley estimates roughly half of the American population will have access to a robotaxi service within the next three years. The number of autonomous rides being conducted in the U.S. is expected to rise rapidly, from around 15 million in 2025 to about 36 million this year, according to Morgan Stanley estimates. By 2030, the figure is expected to hit nearly 750 million rides. Some companies are going it alone, while others are seeking deep-pocketed partners or planning to offer services through existing services such as Uber.
https://www.wsj.com/business/autos/see-how-the-robotaxi-industry-is-taking-off-across-the-u-s-fed450b0?st=YwgSur&reflink=desktopwebshare_permalink
