Mass transit and millennials are feeding one of the biggest trends in real estate development: apartments without a parking space included in the purchase price or rent.
Of course, city buildings constructed through World War II rarely had much parking. But starting in 1950, the number of parking spots built by home builders rose steadily for more than six decades, according to a study by real estate analysis firm Redfin.
Since 2012, however, the number of parking spots built per bedroom has declined. That’s causing some discussion over whether a lack of parking is good for the environment or bad for the neighborhood.
The issue is front and center in a number of American cities. Here’s a round-up of what’s going on where.
Last week, transportation officials in Portland, Oregon announced that they are looking into the possibility of building a subway system, according to Next City. That could increase demand for buildings without parking spaces.
In 2013, Portland officials decided that buildings with 30 units or more should have a minimum number of spaces, responding to neighbors’ complaints about crowded nearby streets. But in 2016, officials decided not to impose the minimums in a Northwest Portland neighborhood, reopening the debate.
In Denver, plans for an apartment building without onsite parking were approved in Denver last year, but were met with resistance from neighbors shortly afterwards, according to 9 News. The city has since stopped issuing similar permits for space-less buildings.