LA getting serious about lifting parking requirements in downtown
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Re: LA getting serious about lifting parking requirements in downtown
#2Is it the case that most people living in the downtown area don't have a car?
Re: LA getting serious about lifting parking requirements in downtown
#3Is it the case that most people living in the downtown area don't have a car?
There's quite a bit of capacity available for downtown residents, should they choose to own a car https://www.parkme.com/map#Downtown%20Los%20Angeles%2C%20Los...
Re: LA getting serious about lifting parking requirements in downtown
#4does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking?
parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. i wish all parking would be built underground, but yes, that's even more expensive.
Re: LA getting serious about lifting parking requirements in downtown
#5does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. i wish all parking would be built underground, but yes, that's even more expensive.
>does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking?
No, because removing parking minimums is not the same as removing parking.
>parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building.
In-building parking is a widely available amenity amply provided by the market. Regulatory parking requirements don't change that, they just make it illegal to not want parking.
Re: LA getting serious about lifting parking requirements in downtown
#6does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. i wish all parking would be built underground, but yes, that's even more expensive.
>does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? No, because removing parking minimums is not the same as removing parking. >parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. In-building parking is a widely available amenity amply provided by the market. Regu…
It's funny, in London new housing has been built with the explicit planning condition that residents aren't entitled to on street parking and no parking is included in the development.
Re: LA getting serious about lifting parking requirements in downtown
#7Is it the case that most people living in the downtown area don't have a car?
There's quite a bit of capacity available for downtown residents, should they choose to own a car https://www.parkme.com/map#Downtown%20Los%20Angeles%2C%20Los...
And how are the typical daily parking rates?
Re: LA getting serious about lifting parking requirements in downtown
#8does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. i wish all parking would be built underground, but yes, that's even more expensive.
>does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? No, because removing parking minimums is not the same as removing parking. >parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. In-building parking is a widely available amenity amply provided by the market. Regu…
i get all that, and i'm not against this change generally, but i'm wondering about whether the savings are actually passed-through or does the developer/owner capture that value? i'm skeptical that (most of) the savings accrues to the renter.
Re: LA getting serious about lifting parking requirements in downtown
#9does removing parking minimums actually lower rents by the 17% of rent that's estimated to go toward parking? parking podiums eat up the most pedestrian-friendly ground floor square footage, but i can sympathize with people wanting parking in their building. i wish all parking would be built underground, but yes, that's even more expensive.
It would likely only lower it for those who dont value that location for the extra 17%.
Re: LA getting serious about lifting parking requirements in downtown
#10Where I live (not in the US) we have parking maximums, not minimums.
A new office development will not get planning approval if it has more than 2 parking spaces per 3 employees (based on some obscure measurement of building capacity). This is to reduce congestion and encourage more environmentally friendly methods of transportation.