Parking Visibility Tech Is Turning Garages Into Revenue Engines

Parking used to be a blind spot in urban real estate. Drivers guessed where space might exist, operators accepted what demand came through the gate, and most garages sat empty far more often than they were full. That is finally changing, not because demand has suddenly skyrocketed, but because technology has made parking visible. A new generation of platforms gives drivers live availability, reservations, pricing comparisons, and navigation, turning parking into an information product. For building owners and operators, that visibility is quickly becoming a revenue tool rather than a passive amenity.

The technology that underpins these platforms comes in a few distinct flavors, and each has a different implication for income strategy. At the hardware level, on-street sensor networks use embedded or overhead detectors to report whether a curbside space is occupied. Garage operators can adopt similar sensors from vendors like ParkAssist that monitor stall occupancy throughout a garage and funnel that data into digital platforms...

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RSK: The technology is there, but now we need someone to put it all together in a useful app.