Tuesday, November 25, 2008

Pricing for Popularity

Real estate has always been priced according to how desirable the location is. Parking garage spaces are similar (think of $18 per day in Georgetown, WDC versus $4 per day at the hospital in Arlington, VA). Now cities such as San Francisco are starting to price street parking spaces by popularity.

Municipal Transportation Agency is going to test the concept this spring: 6,000 parking spaces throughout 6 neighborhoods will be priced on a sliding scale, ranging from $0.25 to $18.00 per hour. The system will integrate technology that monitors the spaces for occupancy, thereby allowing officials to change pricing based on popularity.

Image source: MyE28

No comments:

Environment Blogs - BlogCatalog Blog Directory