Parking Lots and Garages

Parking Lots and Garages

Overview

The 3,000 parking management companies in the US provide parking space in lots and garages for motor vehicles on an hourly, daily, or monthly basis. Some firms also provide valet parking services or collection services for on-street parking meters. Firms may own parking lots and garages or may operate them on a contract basis for others, including municipal governments, hospitals, airport authorities, or commercial building owners. Large firms may also operate related transportation services, such as airport shuttle services or taxi dispatch services.

Sustainable Designs

Concern over environmental impacts and energy usage has led to increased demand for sustainable parking designs.

New Payment Technology

Electronic payment solutions using smartphones are making it more convenient and faster for customers to pay for parking.