San Francisco Legalizes Itself

San Francisco Legalizes Itself

Cities around the country are beginning to change their parking minimums in order to reduce vehicle dependency, lower construction costs, gain back valuable real estate and make urban areas more desirable.

Key findings

In San Francisco in 2012, the cost of building an above ground parking spot was $29,000 and below ground was $38,000.

“In 2006, the Bay Area think tank SPUR estimated a parking space added $25,000 to $50,000 to the construction cost of each new unit in the city.”

“In 2016, two researchers found that parking minimums added $1,700 a year in rent for the average tenant.”

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