April 25, 2024 8:00 am
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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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Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.