Southeast Examiner: Is Parking A Challenge With No Solution?

Southeast Examiner: Is Parking A Challenge With No Solution?

The cover story of this month’s edition of the Southeast Examiner outlines how the existing need for parking already far outweighs supply. For example, Portland’s Central Eastside Industrial District (CEID) has 18,000 employees, 3,000 residents, and 3,000 customers, for a total of 24,000 needed parking spaces. But the actual number spaces available is 14,000 — just 10,000 short!

The fact is, cars are in use only 5% of the time, and when they are in use, they are 80% empty. Can there be a better way? Will we ever find a solution, or have solutions already started finding us? Read more.

HFO Investment Real Estate specializes in multifamily brokerage sales and advisory services for commercial real estate investors and apartment owners throughout Oregon and Washington. Build your legacy at http://www.hfore.com