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Developer’s dilemma: How much space to devote to parking?

Posted by   /  November 12, 2019  /  No Comments

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AZBigMedia

AZBigMedia

It’s a vital component of any development, large or small, and one that is surprisingly complex: Parking.

In a car-centric, spread-out city like Phoenix, new developments must have enough parking to accommodate all of the drivers who live, work or visit. Despite being the fifth-largest city in the United States and the fastest-growing metropolitan area, Phoenix is behind other major cities in the country when it comes to public transportation and other alternative means of getting to and from work each day.

As the development activity in Phoenix has exploded in the past 10 years, so has the number of large parking structures. These structures may seem simple from the outside, but there are many hours spent by development teams to determine just the right size, location, look and function of these parking structures.

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  • Published: 4 weeks ago on November 12, 2019
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  • Last Modified: November 12, 2019 @ 9:19 am
  • Filed Under: Real Estate
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