During the pandemic, one of the few positives about urban living was the sudden boom in outdoor dining brought about by local governments relaxing restrictions so restaurants could continue doing business despite social distancing restrictions.

Real estate owners no longer need to operate with empty spaces. Whether it’s a mall, multifamily apartment, commercial real estate owner, etc. If there’s any space at all, it can be an opportunity for ancillary revenue.

A corporate parking program typically consists of monthly parking spaces set up by the company so that their employees have designated spaces to park in when they commute into the office.

PARKING: THE UNDER-UTILIZED ASSET..

The best-case scenario for these contractor teams is when there is ample parking on nearby city streets, or perhaps getting lucky to lease spaces with a nearby building or plaza.

Looking for parking can be especially frustrating in areas with metered parking. Drivers go through the stress of finding a spot to win the privilege of paying for it. Once, this meant hoping you had enough quarters to pay for adequate time, or even sneaking out to feed the machine when you exceeded the maximum time