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Is Condo Development Without Parking The Future?

Developers are facing a struggle to provide well-designed condos but also affordable ones, leaving some to try a new method that is sticking with millennials and other groups where demand is strongest. 

Parking is becoming an increasing issue for developers and many are looking at different options for use while realizing that their target markets are no longer adamant on having parking at all. 

By making parking optional, development companies are able to pass saving onto buyers, adding some affordability into the mix, and it’s blending well for millennials occupying those units since most millennials don't drive.

The challenge, however, has been the struggle been to create more developments like this in places across the country and still keep the affordability factor. 

 

 

 

Posted: Wednesday, July 08, 2015 10:05 AM by Sutton Realty

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