- MARS Properties Breaks Ground on High Point West Industrial Distribution Center in Katy [Realty News Report]
- West University Home with Full-Size Gymnasium Hits the Market [Houston Chronicle]
- Danton’s Seafood Trading Longtime Montrose Home for Former Mockingbird Bistro Space [Eater Houston]
- Adair Concepts To Take Over Cafe Space in Evelyn’s Park, Debut New Concept [HBJ]
- DFW-Based Pizzeria Chain i Fratelli Coming to Houston [Eater Houston]
- Why Downtown Houston Has So Many Food Halls [Bisnow]
- Bayou Greenways Unveils Mason Park Bike and Pedestrian Bridge in the East End [Houston Public Media]
- Study Finds 30% of Parking Spots Go Unused During Peak Workday Times [Houston Chronicle]
- PARK(ing) Day To Take Over McKinney Street Downtown Today [Culturemap]
- New Harvey Documentary ‘Changed’ Follows West Houston Families in the Aftermath of the Flooding [Houstonia]
Photo: Marc Longoria via Swamplot Flickr Pool
Headlines
There are no mandatory minimum parking requirements downtown. As such, there is also very little FREE off-street parking.
If, during periods of peak demand, 30% of parking still goes unused, then it indicates two things. First, zero parking minimums does not mean zero parking. Second, parking is like another other valuable good: supply and demand respond to price changes. If you under-price parking (i.e. price it at zero) it will be over-consumed and under-supplied. The more valuable land gets, the more under-supplied it’ll be.