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Parking garages gearing up to morph into offices, housing, retail as autonomous cars loom large

Parking garages gearing up to morph into offices, housing, retail as autonomous cars loom large
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"At a 13-story office tower under construction in Hollywood that will soon serve as the headquarters of Netflix, two floors of parking are designed for a different future: As the need for parking dwindles, that parking space can be easily converted into new office space."

Source: www.fastcompany.com

It’s a parking lot. No, it’s an office. No, it’s affordable housing. No, it’s all three. At least it should be if the garage owner expects to make money in the not-too-distant future of autonomous vehicles. The article explains that some cities are eliminating their parking ratio requirement. One high-rise in Oslo was built for no parking at all, except the two-wheel human-powered ones. 

Older structures will be much harder to repurpose that newer ones. Underground lots may be similarly challenged. But if your new building includes parking, think about what you might turn that space into when cars will no longer have to sit anywhere.

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