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
Across the country, states are beginning to open up, and people are slowly returning to their workplaces. However, will everything go back to normal?
With the outbreak of the COVID-19 disease, people are now uncomfortable with what used to be the norm. Gone are the days of efficiency, as safety and cleanliness have become society’s primary concern. The Centers for Disease Control and Prevention (CDC) has recommended that people use their cars instead of public transportation for their daily commute, due to the latter’s higher chance of spreading the disease.
The future of public transport looks bleak in the post-quarantine world. Hence, an increase in demand for private parking will occur while retaining the safety measures for the industry’s current needs.
Mass transit poses a high risk of catching the virus. It is not feasible to maintain the required 6-feet distance in buses and subways. Not to mention, the bus/subway seats, poles, railings, and windows are highly susceptible to being covered by germs for long periods of time.
The MTA, a long-time staple of the New Yorker, has seen a steady decline due to the travel advisory issued for the NYC region. Similarly, in Boston, the MBTA implemented a reduced schedule in March but has yet to enforce a passenger limit. This lack of enforcement has resulted in a drastically reduced ridership within the MBTA.
If public transportation were to lose its popularity, then ridesharing apps like Uber and Lyft should see a rise in usage. However, even ridesharing is not immune to the disastrous economic effects of the disease as some ride-sharing companies have suspended their services in order to maintain social distancing.
We are seeing a growing underutilized parking problem. Stadium lots are packed when games are happening, but because of the quarantine, those parking lots are vacant and closed off to the public. Many parking lots of Boston businesses and institutions remain unused well below their maximum capacity during the pandemic, while the demand for parking is likely to rise.
So, what is the solution? Well, all evidence points towards private parking
We at Parkaze are committed to helping people and businesses transition to the post-quarantine world. Now more than ever, we strive to offer safe and affordable parking spaces to individuals for whom parking has become a necessity. Moreover, we are partnered with local institutions to help them monetize their unused parking spaces while providing employees and customers with a wide variety of parking options.
Whether you are a business owner, realtor, church manager, Parkaze can help you unlock additional streams of revenue by hosting your vacant parking spots to our community of users.