In a Future With Less Cars, Here's What Parking Structures Could Look Like
Developers are planning for a high-tech future that requires greater flexibility.
October 07, 2021 at 07:36 AM
4 minute read
Real Estate
The original version of this story was published on Law.com
"No Parking" certainly does not need to imply a negative connotation, according to a recent report from JLL that outlines four ways parking garages are prepping for fewer cars.
Lot conversions, parking technology pilot programs, EV stations and autonomous vehicle hubs, are among the creative and innovative ways these important components of commercial real estate are evolving.
The rise of ride-hailing, autonomous vehicles, and micro-mobility devices such as electric scooters are set to lower rates of car ownership among younger generations.
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