The National Parking Association (NPA), in cooperation with sponsor Denison Parking, has undertaken a major research study to analyze the diverse fundamental economic and demographic factors underpinning parking demand.
This study is the first of its kind to assemble substantive research data, analyze the data and draw correlations between market conditions and their relationship to the parking industry. The study analyzes private sector, municipal, college/university and hospital/medical center trends in detail, identifying market size, changes in the marketplace and factors impacting demand.
Based on the interaction of a number of factors data suggests that the demand for parking will continue to expand. These drivers of parking should continue to exert upward pressure on the industry and supports the position that fundamental factors are in place for continued demand and revenue growth.