Lower demand for parking due to decreases in car ownership and increases in ride sharing are impacting parking needs. Cities are taking notice and creating new parking requirements. This Forbes article explores how the new stream of land and the no longer needed expenses building parking structures could add up to a positive boost for housing.

Faster than the iPhone evolved, transportation is evolving, and changing everything around it. Fewer people own automobiles or plan to purchase them than ever. Particularly among millennials – car ownership rates are declining and anecdotal evidence shows a growing number of young people don’t even want to learn to drive. Ride share services and consumer sentiment are both contributing to lower car ownership.

Now, a car is a burden equating to debt, parking charges and gridlock, while ride share services offer at-your-fingertips convenience and affordability. That means that housing that is in design and development today, would be much less likely to need any sort of parking or car storage, which would be a huge cost savings. So, how else will this new transportation culture benefit housing?

According to Humphreys and Partners Architecture firm based in Dallas, TX, a finalist in an Uber Elevate design competition to create a structure that would be a hub for their vision of urban mobility in 2023. The Uber Elevate team is working with partners to launch fleets of small, electric vertical takeoff and landing (eVTOL) aircraft in a number of markets in just four years.

Walter Hughes, vice president of design at Humphreys, was lead on the project to create a Skyport and a Mega-Skyport that would be able to handle 5,400 passengers and 180 landings and takeoffs in an hour. He shows how it works, the design innovation, and the material specifications in this video.

Read More