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Real Estate in the Age of Scooters | Real Estate News
Description
Brendan Wallace of Fifth Wall argues that Lime’s stock surge isn’t about scooters—it’s about the real estate value in the curb space and city permits Lime controls. Since Fifth Wall’s 2018 investment, Lime has exploded from $2M annual revenue to $886M, serving 230 cities with 20M riders and 1B rides—growing even during the pandemic. Wallace redefines real estate as any physical space used in the economy, from data centers to bike docks, seeing micro-mobility and self-driving tech as the next wave reshaping urban landscapes. He’s betting big on companies that monetize physical space in innovative ways, even if they’re disguised as tech startups.
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