This Startup Helps Landlords Generate Extra Income From Parking Spaces
Most landlords jump at the opportunity to monetize their properties in creative ways aside from just renting to tenants in the traditional…Read More
Q: So now you want parking to be sustainable too?
A: Yes, in fact, urban transportation is one of the core contributors of global emissions, oil consumption and energy use. With parking contributing to about 30% of urban traffic congestion, it isn’t hard to estimate the impact of aimless search of parking on global sustainability.
Q: How do you think the industry has been tackling that so far?
A: Since the early 2000s there have been a lot of companies formed around parking who have tried to fuse the parking industry with technology and help the commuter providing them a view of pricing and locations with parking available. They partnered with parking garages around the country to cumulatively provide more options to the urban commuter through their apps and websites. Some have been very successful and have led to increased utilization of existing parking spots.
So, embracing thoughtful and holistic approaches to how the parking industry operates, leveraging technology to enable commuters to effectively plan their commute and pre-book is essential.
Q: How will one tackle the issue around the shortage of parking, sustainably?
A: The idea is not to build new infrastructure to support increased demand for parking. By optimizing land usage and promoting the use of shared parking spaces, the need for building separate infrastructure around parking can be eliminated. Along with that, promoting and incentivizing the use of public transportation, promoting walkability, alternative transportation options and reducing the dependence on single-occupancy vehicles is quintessential to increasing the effectiveness of our mobility systems.
Q: What are you doing at Parkaze, who are you helping, what’s your vision and how is it sustainable?
A: At Parkaze, we leverage technology to economically empower people around the world to unlock and monetize their spaces while providing a smarter alternative to people looking for spaces to park.
In the crowded cities of America, more than three-quarters (76.4 percent) of commuters drive to work alone. About 30% of the parking spaces within the city is private, and bringing those additional spots into the ecosystem will ensure that the demands of the majority of the commuters driving into work are met.
Ultimately, we hope to build smarter solutions to global problems that can bring us closer to sustainable urban development.
Q: What kind of sustainable parking practices should we pursue?
A: Parkaze provides a seamless platform to host one’s vacant parking space as per one’s availability and needs. Sharing one’s under-utilized parking resource is key to tackling problems around the lack of affordable parking and in turn critical to creating more livable communities.