There’s no scarcity of parking spaces — what’s lacking is sharing

*Apps including ParqEx show that there’s revenue in renting out private parking spaces—and urban planners like it / Getty Images*

By Rachel Koning Beals | MarketWatch

Real estate developers and the municipal codes they’re operating under can’t seem to nail the parking-space formula — putting the right number in the right places — at multifamily housing and commercial projects in cities and suburbs.

And because there’s been flawed policy in place for decades, at least according to some urban-planning groups, there’s actually an ample inventory of parking in most high-density, or otherwise highly traveled, areas. Those spaces just need smarter use.

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March 29, 2017

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