Christine Banning

Aug 8, 2024 | naiop.org | Christine Banning |Jennifer LeFurgy |Robert Ferrin

Many cities and municipalities have parking regulations that don’t right-size parking land use. Current parking codes and minimum requirements are an outdated concept that drive up real estate costs and shift the supply curve. Parking minimums cost developers money and take up land that could otherwise be used for public, retail or residential use. That limits the ability of cities to create and maintain vibrant communities.