Car parks in Australian CBDs are in many ways a finite product. There are now very few new car parks being built within CBDs, certainly not enough to keep up with demand. In addition, most City Councils are actively looking at ways to limit car access into CBDs. As a result, daily parking rates are becoming more expensive for commuters, although this is yet to have a discernible impact on values.
With changes to technology and the increasing cost of car parking, owners of car parks are having to become more innovative in the services that they provide. In this 2012 paper, Colliers International and ptc. (formerly Parking & Traffic Consultants) look at the Australian CBD non-residential car park market and how this sector is expected to change over the next decade.