A Continuing Role for Minimum Parking Requirements in a Dense Growing City? Evidence from New York City

23 Pages Posted: 28 Apr 2010  

Simon Thomas McDonnell

NYU Furman Center for Real Estate and Urban Policy

Josiah Madar

Furman Center for Real Estate and Urban Policy

Vicki Been

New York University School of Law

Date Written: April 22, 2010

Abstract

Many cities throughout the United States require developers of new residential construction to also provide off-street parking, presumably to ensure that new projects absorb any additional parking demand. However, these requirements may potentially increase housing costs directly and indirectly by bundling parking with new housing and reducing the number of units developers can fit on a lot. They may also reduce the subsequent costs of car ownership, increasing car-use and associated externalities. Our research explores the role of minimum parking requirements in New York City, given its shortage of affordable housing and the emphasis policymakers have placed on sustainable growth. After a review of their history, we use lot-level data to calculate and map two measures of parking requirements to better understand their intersection with transit accessibility and development opportunity. Our results indicate that the per-unit parking requirement is generally lower in areas near rail transit, consistent with the City’s development goals. However, we also find that the required number of spaces per square foot of lot area is generally higher in transit accessible areas. This raises the possibility that parking requirements are working counter to the city’s stated development goals in transit-accessible neighborhoods.

Suggested Citation

McDonnell, Simon Thomas and Madar, Josiah and Been, Vicki, A Continuing Role for Minimum Parking Requirements in a Dense Growing City? Evidence from New York City (April 22, 2010). NYU Law and Economics Research Paper No. 10-16. Available at SSRN: https://ssrn.com/abstract=1594247 or http://dx.doi.org/10.2139/ssrn.1594247

Simon Thomas McDonnell (Contact Author)

NYU Furman Center for Real Estate and Urban Policy ( email )

Bobst Library, E-resource Acquisitions
20 Cooper Square 3rd Floor
New York, NY 10003-711
United States

HOME PAGE: http://www.furmancenter.org

Josiah Madar

Furman Center for Real Estate and Urban Policy ( email )

New York, NY 10012
United States

Vicki Been

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States
212-998-6223 (Phone)
212-995-4341 (Fax)

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