Oct 30, 2019

Podcast: The future of parking garages

Parking garages aren’t just low-tech eyesores — they might be urban America’s greatest real estate development opportunity. Dan digs in with Axios Cities editor Kim Hart.

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The future of parking garages

Architectural rendering of The MOD in Los Angeles showing how a parking structure could be redeveloped for workspace, retail and housing with pre-fabricated modules. Photo: Gensler

Parking garages are staples of car-clogged cities — but they are ugly and take up prime urban real estate. So building owners and developers are looking for new uses for that space.

The big picture: As urban transportation begins to shift, the massive concrete parking structures that sit under or beside most downtown buildings are being repurposed into food delivery kitchens, e-commerce distribution centers, flood protection and even urban farming.

Go deeperArrowOct 30, 2019

Watch: Axios leads a conversation on the future of American cities

San Antonio — Axios Cities Reporter Kim Hart leads a conversation at the National League of Cities' City Summit on the priorities for building stronger communities across the country ahead of 2020, featuring presidential candidates Julián Castro and Joe Walsh.

Keep ReadingArrowNov 22, 2019

Boom times expected for U.S. commercial real estate

Illustration: Eniola Odetunde/Axios

Next year could be "one of the strongest years on record" for the U.S. commercial real estate industry, according to a market outlook released Wednesday by CBRE, the world's biggest commercial real estate servicer and investment firm.

Why it matters: Commercial real estate activity is a leading economic indicator, and growth in the sector translates to more jobs and investments in local communities.

Go deeperArrowNov 21, 2019