Future of Car Parks

Merx’s core focus has always been delivering inspiring spaces for our clients, be it cutting-edge offices, versatile airport hangers, or timeless high-end resorts. Another property type of particular interest to us is car parks – a lesser talked about but important component of a city’s transport network.

Here are 4 factors we see influencing the future of car parks.

I. Car sharing replacing car ownership

For the last century, cars have been viewed as a personal asset. Looking forward, car ownership shall become less important, with the continuous growth of ride-hailing and vehicle sharing services, including the adoption of self-driving Autonomous Vehicles.

The Boston Consulting Group and World Economic Forum surveyed more than 5,500 consumers in 27 cities, across ten countries, on acceptance of Autonomous Vehicles. The results: more than half of consumers are ready to accept Autonomous Vehicles, of which Asian consumers are the most ready.

It is expected that with the adoption of Autonomous Vehicles, ride-hailing and vehicle sharing services shall become even more popular. This popularity shall contribute directly to a diminishing demand for carparks. Read more here Future of Car Parks.

Workplace: Growing Lean

 In the current global environment, traditional space and footprint requirements are being challenged and at the same time being supported by new technology and innovative work practices.

Here in this seven step guide series, we explore how clever companies are saving OPEX while creating business enabling spaces.

Introduction

Growing lean addresses an age old business story. Conventional wisdom requires a business to increase its capacity and real estate footprint as it grows. Yet pricey real estate means every square foot of expansion is an increase in cost.

With rent, limited supply and other factors being significant hurdles for growth in financial hubs, businesses are forced to introduce measures to increase output while reducing real estate overhead. Read more here Workplace Growing Lean.