Private companies with underutilized parking lots can consider tapping into the USD 10 billion global parking industry to make a profit as private parking operators. Insufficient parking contributes to traffic congestion and carbon emissions. A shared parking management approach can help smart cities progress towards more sustainable solutions and transform how we develop our urban spaces, with less on-street parking and more green areas. Let’s find out how to monetize unused parking spaces.
Reasons to Rent Parking Spaces
Shared parking costs almost nothing for firms with a private garage. The easiest method to start renting your parking lot is to connect with a supplier of smart parking solutions, which will make it easier to discover customers and manage reservations and various transactions. This future-proofs your revenue strategy and helps you compete with commercial parking lots. Due to the increase in smart vehicles and EVs, smart parking solutions have become a pressing need.-
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