Developers Ditch Parking to Make Room for Uber

Developers Ditch Parking to Make Room for Uber

The high cost of developing commercial real estate has started to impact the amount of parking developed with new office buildings, thanks to the popularity of rideshare services Uber, Lyft and others. Employers have begun to offer incentives to keep their employees from driving to work, such as discount cards, passes and other financial incentives. And, apartment communities are offering a rental discount to renters that use the ride sharing services, opposed to parking a personal car on the site.

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