Is Parking Technology a Good Long-Term Investment for CRE? Probably not.
[{"id": "d2sndmz", "text": "it would be great if CBD developers in my town would plan more for other forms of travel - some kind of bike rack system would be nice. ", "replies": [{"id": "d2swoi5", "text": "LEED incentivizes bike racks. It's pretty much the easiest way to earn points towards your LEED certification.", "replies": [{"id": "d2swz68", "text": "do they need to be accessible or well planned? In my building they are in the parking deck a couple of levels down...", "replies": [{"id": "d2sy6vf", "text": "Not that I know of :-/", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "d2t3hyz", "text": "Parking tech supposedly increases utilization per available spot.  This increased density will:\n\n- let you build a smaller garage (cheaper); or \n- let you build a smaller garage and turn the space saved into RSF (NOI accretive); or\n- minimize the parking spillover into the street (helps with permitting, because the city won't let you build something without \"adequate\" parking); or\n- increase the density of your existing garage (NOI accretive).\n\nHard to argue with that, at least in a CBD.  Sure, self-driving ubers might crash demand for parking but I'm still waiting for my jetpack.\n", "replies": [], "depth": 1}]