Whether cars are gas powered vehicles or electric vehicles that eventually park themselves or electric-gas hybrids, the personal automobile appears likely to remain a fixity among U.S. consumers, making parking lots likely to remain an income-producing investment. In a report published in the September issue of Institutional Investing in Infrastructure, Ardian’s Stefano Mion, co-head, infrastructure Americas, and Leonarda Orani, managing director, infrastructure, discuss strategies for investing in parking infrastructure in a time of tremendous technological change.
“Ultimately, while parking will look different in a higher-tech world, technological innovation will not eliminate the need for parking,” say Mion and Orani. “Industrialized parking assets will continue to be the hub for the car of the future, but we will need to design new and augmented services to better meet the shifting needs of the next version of the car and the human behaviors that come wi