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HOV/toll lanes currently cover more than 5,500 miles of highways in the United States. These lanes put the power in the hands of drivers. Handing over control makes a big difference in cost perception, and it's a path that multifamily needs to follow for community parking.
Metropolitan areas are awash in parking, which gives the impression that no parking issues should exist at all. However, many metropolitan areas have made a 180-degree turn in their approach to parking, switching to parking maximums. This is creating an environment replete with challenges.
The evolution of parking and continuous economic fluctuations are inevitable and many additional changes are on the horizon. Regardless of how many occupants there are per unit, owners and operators have avenues for protecting revenue by maintaining resident satisfaction and reputation.
Zark, a groundbreaking service that increases parking accessibility at multifamily communities by empowering its residents to affordably reserve parking spaces, today announced the hiring of Dane Bendixen as vice president of product management and Keith Long as vice president of sales.