There’s no scarcity of parking spaces – what’s lacking is sharing

Apps including ParqEx show that there’s revenue in renting out private parking spaces—and urban planners like it

Take a look at this MarketWatch article discussing the future of the sharing economy while at the considering solutions to current problems.

In this article by Rachel Beals, the non-linear relationship between revenue and real estate in regards to private parking spaces is examined. Simultaneously, Beals considers the direction that ParqEx is driving the industry toward. As closing the gap between supply and demand, a potential solution, involves a critical analysis of the parking industry, apps such as ParqEx play the role of ‘matchmaker’ between parking space owners and renters.

#sharingeconomy #solutions #innovation #parking #autoindustry