New York is a vast and bustling metropolis, and while many residents don’t feel the need to own a car, vehicle ownership has risen in the city over recent years thanks to the pandemic and other factors.
The rise in cars in New York has exacerbated the issue of a lack of parking and made it extremely challenging for drivers to find a place to leave their vehicles, particularly on the street.
As a result, we can expect to see plenty of developments in the New York car park design and construction markets over the coming months.
Car parking, whether it’s indoors or outside, communal or private, has always been scarce in New York, but as the issue is becoming worse, the construction market in the city will be seeking new ways to adapt and offer innovative solutions for residents throughout the Big Apple.
Whether you’re a car park designer or a construction expert, this article will give you an overview of some of the key trends we foresee in this burgeoning market for 2023.
Larger Car Parks
With the demand for car parking in the city rising, it’s understandable that developers will seek large plots of land on which to build car parks to store vehicles, even if they’re slightly outside the city. These large spaces will require expansion joints to ensure that the motion of the vehicles won’t damage the concrete and cause cracking. Also, these large spaces will require management, which will offer many opportunities for companies in the car parking tech and logistics landscape.
Additional Spaces For New Developments
Property developers looking to enhance New York’s skyline will undoubtedly be exploring ways they can offer additional car parking spaces in or near their buildings. After all, today’s residents will probably expect car parking, and having extra spaces or even an underground garage could significantly increase the potential value of units in a new development. Therefore, we can expect that many developers will be exploring innovative ways to adapt their plots to fit as much car parking space as possible.
New Tech In Private Car Parks
Technology is revolutionizing the car park market, and for residents in premium properties with private car parking facilities, new solutions will make it easier than ever to park with minimal fuss. High-tech parking is already available in some of the city’s most exclusive apartment complexes, and this will soon filter down to other premium properties throughout New York. While expensive systems like this won’t make it to the cheaper end of the real estate market, we can also expect that many car park management providers will be exploring ways to use software to make car parking more efficient for drivers.
Looking ahead to 2023 and beyond, the future looks bright and exciting for the New York car parking landscape. With rising demand comes increased investment and innovation, so we can expect plenty of new developments throughout 2023 and further into the future. This article should give you a brief overview of some of the key trends we can expect in New York’s car parking landscape over the coming months and how things will develop in the long term.