Quote:
Originally Posted by mhays
Low and zero parking ratios work just fine in not only San Francisco but Seattle and even Portland (which has a transit commute percentage similar to LA if I recall). San Francisco has the least of all of course, compared to a given rent level especially. All three routinely do buildings with far fewer spaces than units. I don't know about Portland, but the other two even routinely do buildings with zero parking.
I bet DTLA would do well with units maybe 15% cheaper due to no parking. Obviously the percentage discount, and the general allure, gets higher than that with the really small units. Pretty soon it's not just yuppies and empty nesters in the new buildings.
Edit: ThomJames, residential buildings frequently (usually?) don't want to rent their parking spaces to non-residents. Security issue.
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Insignia in DT Seattle will have 643 units and 1063 parking spaces when completed:
http://www.skyscrapercity.com/showthread.php?t=452738
As for low-mid rise bldgs going up in neighborhoods, you and I have had this discussion in the past. Yes, developers are putting in less parking spaces in the new bldgs but the result is that people are parking on adjoining streets instead of their bldg. I don't consider that 'working fine'. And this is in a city [Seattle] where only 31% of DT workers get to work in a single occupancy auto.
Even the strongest advocates of mass transit usually have a car. In most American cities, its very difficult to get around simply on mass transit with maybe the exception of NYC. And even in Europe, my friends there tend to have at least one car per family.
I hate cars but I don't see them going away any time soon........and while they continue to be part of our lives, we need to have a place to park them.