Trends that will shape the future of parking

Driverless cars, walkable cities, smart cities and sustainability concerns are some of the trends that are affecting or will affect the way people travel and how public policies are defined. Those different movements converge towards one direction: a reduction in parking supply (or at least a reduction in the growth of supply) and possibly demand, especially in dense urban areas. So, what should parking owners/managers, developers, city administrators and anyone involved in the parking industry know to prepare for the future? We highlight below the main points.

 

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