Parking lots disappearing in ride-sharing era as downtown construction booms – Chicago Tribune

What’s happening in Chicago is part of a national movement that will only intensify, according to Green Street Advisors. U.S. parking needs will be cut in half during the next three decades, the Newport Beach, Calif.-based real estate research firm projects. Widespread adoption of ride-hailing and self-driving cars will eliminate the need for swaths of parking spaces — enough that the square footage of the unneeded spaces will be more than the cumulative size of every currently existing apartment, office, shopping mall, retail strip center and warehouse property in the U.S., according to the Green Street report.