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The Future Value of Parking

“Will parking spaces in cities become more, or less, valuable in the future?” Architect This City asked. On the surface, it sounds innocent enough, but under the fresh pavement, the quiet rumble of disruption can be heard. As we’ve written about before, urban mobility in the not-too-distant-future could look quite different. ATC’s article focuses on cost,...

By Mitchell Reardon

Date

April 20, 2016

“Will parking spaces in cities become more, or less, valuable in the future?” Architect This City asked. On the surface, it sounds innocent enough, but under the fresh pavement, the quiet rumble of disruption can be heard. As we’ve written about before, urban mobility in the not-too-distant-future could look quite different. ATC’s article focuses on cost, but if the cost of parking drops, how will underused parking lots and structures – the low-hanging fruit of infill development – be used?

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