Cities that are considering removing minimum parking space requirements:
- Los Angeles
- San Francisco
- Austin has waived the requirement
- Seattle gives out transit passes rather than requiring on-site parking at each residential building
- Dallas is turning parking lots into parks
How has parking been impacted by COVID? Demand down 90% since mid-March
What companies are innovating parking space industry?
- Parking Spotter
- Spacer
- SpotHero
- Curbstand via a valet solution
- AirGarage
- Partners with churches, hotels, restaurants- allowing the church or business to retain 70% of parking space rental fee
How have they pivoted after COVID?
- Utilizing parking spaces for pop-up grocery stores
- Empty parking lots have become pop-drive ins