Apps such asFlashParking transition legacy parking assets to a connectedmobility hub.
AUSTIN, TX—The percentage of global city dwellers today is 55%,a number that is expected to increase to 68% by 2050. While urbanmigration patterns increase populations in metropolitan areasaround the world, and cities become hubs of business, technologyand culture, expansion is restricted by deterioratinginfrastructure and declining surface capacity.
Urban areas are experiencing an evolution from the previousmodel of disjointed transportation and navigation to intelligentmobility systems. But, in this emerging environment, municipalitiesand owners/operators of legacy parking assets face myriad risks andopportunities. Operating a constantly changing system withinstagnant city infrastructures means parking facility owners riskloss of business and revenue. Without the foundations to supportgrowth in other parts of the transportation industry, outdatedinfrastructures will become obsolete. In addition, stagnation maycome at great cost to the health and safety of urban society.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
