PropertyProf Blog

Editor: Stephen Clowney
Univ. of Arkansas, Fayetteville

Tuesday, August 21, 2012

Living Without Parking

Oregon Public Broadcasting looks at the rise of new apartment buildings in Portland that offer no offstreet parking.  The article explains that developers are constructing more parking-less buildings because of new demand, not any change in city parking policies. What's driving the demand?  First and foremost, affordability.  As one developer noted “Parking [on] site is the difference between a $750 apartment and a $1,200 apartment.” Second, Portalnd has a growing number of citizens who just don't own a car.

Steve Clowney

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