Apps such as FlashParking transition legacy parking assets to a connected mobility hub.
AUSTIN, TX—The percentage of global city dwellers today is 55%, a number that is expected to increase to 68% by 2050. While urban migration patterns increase populations in metropolitan areas around the world, and cities become hubs of business, technology and culture, expansion is restricted by deteriorating infrastructure and declining surface capacity.
Urban areas are experiencing an evolution from the previous model of disjointed transportation and navigation to intelligent mobility systems. But, in this emerging environment, municipalities and owners/operators of legacy parking assets face myriad risks and opportunities. Operating a constantly changing system within stagnant city infrastructures means parking facility owners risk loss of business and revenue. Without the foundations to support growth in other parts of the transportation industry, outdated infrastructures will become obsolete. In addition, stagnation may come 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.
