A technology firm that provides data on the parking industry haslaunched a new tool that aims to arm lot operators, real estateowners and local governments with benchmarks in the new world ofCOVID-19, where work commuting and other activity has decreasedmarkedly.
San Francisco-based Smarking's "Parking Benchmark," allows users"to gain a holistic view of parking performance across NorthAmerica, understand drivers' behaviors, and keep a pulse onmarket-level trends."
The firm, citing its own data in the release, noted a more than90% drop in the demand for parking in March of thisyear. And, according to a recent blog post from Smarking, year overyear, off-street commuter parking activity has decreased 62%, andoff-street visitor parking activity has decreased 77%, in 2020.
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David Gialanella
David Gialanella, Editor-in-Chief, Business of Law and The American Lawyer, has been with ALM since 2010 in various roles. He previously managed the New Jersey Law Journal and oversaw all of ALM's regional brands. Reach him at [email protected].
