Why Parking?
Our Assets Are Moats
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Our Assets Are Moats - Their location is essential to their value and cannot be replicated, they offer or can be produced at the lowest cost in their market and satisfy a small percentage of overall market demand.
As more employees participate in a gig economy and use of public transit declines,
TaaS will be required to have concern for employees' and customers' health, putting pressure on margins and creating opportunities for staging
Large, flat-floored car parks on the fringe of a CBD offers owners a
redeployment opportunity to use for Last Mile Warehousing or staging areas for TaaS
Surface car parks historically have been transitioned to higher and better uses following a recession, reducing available parking supply in the market
Parking is no longer required to be built in new commercial or residential buildings, resulting an increased demand curve from urbanization against a lower available supply
Main & Main
smaller CBD car parks will retain their value as urbanization continues an employees return to work and the supply curve shifts towards the left