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Monday, August 05, 2019

Uber for Parking Spots

I believe there are a lot of private parking spots in cities that are grossly under-utilized. Offices and stores that are closed evenings, when big events are happening. Churches that don't have much going on weekdays. General excess capacity. Seems like it crying out for an Uber of Parking Spaces.

An obvious challenge would be policing usage. How can the private version of a "meter maid" quickly visually ascertain that a given car has paid for their spot? I think the key is for all spaces to be numbered. So the enforcement game shifts from checking the car, to checking the space.

I did a quick search to see if there are startups exploring this space. I found a couple of hits on "Uber for Parking", but nothing that matched my idea. One was on-demand valet parking. Pretty much DOA, due both to its labor intensitivity, and the fact that it does not leverage "sharing economy" principles. It mostly just offered valets to park your car in the same commercial spaces already available to the general public--it did not lead to greater efficiency by utilizing wasted, empty spaces.

This effort, on the other hand, is too old-economy contractual. It seems to want you to sign over your empty space for a month at a time, as opposed to using excess capacity day-by-day.

So my working conclusion is that this could be both a significant business opportunity, and perhaps an overall social gain--less total space in the city required for parking spaces, due to more intensive utilization.

(That is the static analysis, anyway, Perhaps more available, cheaper parking would lead to more driving, which is definitely not a social gain, in my book!)

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