Publications

- October 1, 2018: Vol. 12, Number 9

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More than an (empty) space: Digital solutions could help owners of assets with parking spaces capitalise on their potential

by Philippe Op de Beeck

Most asset types have assigned park- ing areas, be they larger underground garages or smaller individual spaces. But are they being used to their maximum potential?

With the help of state-of-the-art digital tools, asset owners can realise the often unused immanent potential of such spaces. New methods of parking management have so far been mainly put to use in the consumer contact environment, in the form of apps that provide information and payment for on-street parking. And despite some improvements to management and profitability, the full potential of these new technologies has yet to be utilised.

Company-owned or private parking areas — especially those close to town centres — are also now potential revenue sources. This is due to the number of companies that are looking for space within convenient locations from which to base some of their services.

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