paradise“They paved paradise, and put up a parking lot.”

 That line from the 1970 song, “Big Yellow Taxi” lamented the trend of building parking lots in the midst of nature’s beauty, but soon “paradise” could see less concrete.

According to the Urban Land Institute’s “2016 Emerging Trends in Real Estate” report, one emerging trend is what writer Patrick Sisson dubs “Pulling Up Parking Lots.”

“As many younger American opt out of car ownership, and tech trends such as ride-sharing and autonomous cars begin to change transportation patterns, many urban planners, government officials, and real estate owners are questioning if parking lots are the best use of downtown real estate,” he writes. “Trends suggest that ‘existing parking represents a suboptimal… Continue reading →

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