Stalled Out: How Empty Parking Spaces Diminish Neighborhood Affordability
This report explores the relationship between unused parking and neighborhood affordability. Many cities, including Chicago, mandate the minimum number of parking spaces new developments need to build. As the report points out, however, these minimum requirements don’t always reflect real demand. It notes that apartment buildings near frequent transit (such as CTA trains) need less parking as many spaces mandated by zoning remain empty.